BTCUSD 24 Jul 2023 on H4 Timeframe. After moving sideway for quite a while between the 0.0 and 23.4 Fibo levels and then breaking through to 38.2 Fibo but bouncing back down. It is now at 2969.78 after previously touching 30139.32. Although it is experiencing a bearish trend, it can be seen in the candlestick that this crypto has touched S2 which allows a trend reversal to occur. If there is a true trend reversal then go-long can be an option for traders. But if the bearish continues to break S2, then go-short is an option. Keep an eye on market movements and trade with your own risk.
