On 1D hold resistance. Looks like bears are exhausted here, though is pointing down.
On 4H and 1H we can see clear bull divergence, though is not fully oversold. I will open position when on both 4H, 1H and 15m charts will be oversold and pointing up.
We now are sitting on strong support with strong , the biggest can be seen on coinbase. Though this whole structure reminds me of the , i'm more and will put stop on lowes low of candle.
In case we move up, i will also move my stop loss basing on fractals and kijun-tekan cross on 4H chart.
I still believe that we will hit 8500, but do not believe it will happen today. The overall correction pattern looks like descending , so on long term i am as fuck.