The highly anticipated surge is not coming right now - maybe later in September.
There is a clear downtrend on price pressure (price_change% * volume%) and just crossed to a negative value on the 4H timeframe.
Both on the 1H and 4H charts the RSI14 is also at 40 indicating steady selling.
A bounce is likely to happen only around $43500 (Organic support level and Fib resistance lower bound).
If that doesn't hold, $40000 is coming.
There is a clear downtrend on price pressure (price_change% * volume%) and just crossed to a negative value on the 4H timeframe.
Both on the 1H and 4H charts the RSI14 is also at 40 indicating steady selling.
A bounce is likely to happen only around $43500 (Organic support level and Fib resistance lower bound).
If that doesn't hold, $40000 is coming.