$BTC - The price has bounced off of the 0.786 Fibonacci POI I highlighted in some of my prior PAT Updates and is now testing the 2D Bull Market Support Band, which has been a strong reversal spot over the last couple of months.


Because of this, I believe that the best approach on the low-timeframes is to remain cautious until there are some clear signs of strength that would make the most likely outcome a continuation to the upside.
As long as the price keeps staying below the support band, I believe that the most likely outcome remains further consolidation or a continuation of the high-timeframe downtrend we have been in over the last couple of months in a more bearish setting.
BTC0,97%
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