BTCUSD 7 Aug 2023 on H4 timeframe. It can be seen that this crypto is still ranging between the 23.6 and 38.2 Fibo levels. although it is moving sideways in the S1 and S2 ranges, if you look at the RSI indicator, it appears that this crypto is starting a bullish trend. After previously being bearish, now this crypto is trying to get back bullish. If the bullish trend continues until it breaks the 38.2 level towards 50.0 Fibo, then go-long can be an option for traders. But if there are factors that can affect the trend change, then go-short is an option. Wait and study other clearer indications before determining a trading position.
