📈 $BTC local bounce scenario
Locally, there is definitely a case for a bounce.
We have bullish divergence on the 4H below the yearly open, price trading around the value area low of the range, plus a clear liquidity grab. There’s also divergence visible on the 8H.
That said, money flow is still trending red, so this looks more like a reaction than a full reversal for now.
Short-term upside is possible, but higher timeframes still need confirmation. Watching how price reacts if this bounce develops.
