Content
Bitcoin continues to show weakness on the 4H timeframe.
Price is currently trading below the key moving averages,
and the structure remains bearish.
ā¢ Lower highs are forming
ā¢ Price is failing to reclaim the MA cluster
ā¢ Momentum is clearly fading
The moving averages are aligned in a bearish structure,
acting as dynamic resistance.
Every bounce into this area has been rejected so far.
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Key Idea
This is not about catching the bottom.
As long as price stays below the MA cluster,
the probability favors continuation to the downside.
Weak bounces in a downtrend are not opportunities to buy ā
they are often traps.
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Scenario
ā¢ Rejection from MA ā continuation lower
ā¢ Possible retest of recent lows
ā¢ No clear bullish structure yet
Only a strong reclaim above the MA cluster
would shift the short-term bias.
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Conclusion
Trying to buy the bottom is difficult.
The goal is not perfection,
but to trade with probability and structure.
Follow the trend.
Not your emotions.