BTC Bottom. Capitulation is in.

BTCUSDLONGS down by a huge. Capitulation is in the air.

4H Bullish Divergence. Mildly strong bullish reversal signal.
The first clear one actually.

Mind you, we are still in a bear market. This if anything, is a short term bullish reversal to maybe hit the RES at 11-12k$ range.
That point will be crucial.

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BTC didn't complete the divergence on the 4H. Instead broke through tend on RSI.

Probably can be attributed to news of China completely banning foreign cryptocurrency trading platforms.