Bitcoin – searching for the entry point

27.02.2022 11:49 am

Hello, everyone!

I’m searching for the entry point for the Bitcoin. We can see the strong bearish divergence with RSI on 1h timeframe. The correction started but I am not sure that it’s finished. I am waiting for the 0.5-0.61Fib ($37300 – $36600). Here we can also see the clear stop loss level at $35473 – just under the local demand zone(I did not mark it to make my chart clear). After that I expect the supply zone breakout to the upside.

Be patient and good luck!

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