π₯ BTC UPDATE 14/08 β SHORT BIAS, WAIT FOR A PULLBACK TO ENTER
BTC is currently showing a technical rebound on the M15 and M30 after sweeping down to the 63.0Kβ63.2K area. However, this still appears to be only a short-term recovery and there is not enough confirmation of a bullish reversal yet.
Meanwhile, on the H1 and especially the H4 timeframe, BTC remains below key moving averages. The overall price structure is still forming lower highs, and selling pressure has not been fully absorbed.
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