G’Day Kings and Queens of Crypto Cool! As expected, BTC pulled back off of the ceasefire short squeeze. Also as expected, the ceasefire agreement is not going smoothly, so any major war announcement can come at any time to cause quick and decisive price movement. On the 4H Chart, price has pulled back into the bear flag that was formed prior to the short squeeze. Many traders play this setup short, using a tight stop (1% to 2%) and taking profit in the short direction down to the bottom bear trendline, currently at 68K. You can see from the order blocks (Short Block in Red, Long Blocks in Green) there is no buy/sell conviction currently between 67K and 74K on the 4 hour timeframe. Also as expected, the RSI reversed from the 80 level, currently at 60. On a downward RSI on the 4H timeframe, the 50 Line acts as a magnet with either a reversal lo the upside or an increase in selling pressure. On the BTC Daily Chart you can see the divergence of a bull flag turning into a bear flag along with a near confirmation of a clear head and shoulders pattern. This is a bearish signal. Order blocks on the Daily also revealing a lack of buy/sell conviction here. Overall, near term, charts are pointing to a downward move with 70K being a natural support and 68K the next support. Peace! #BitcoinCharts #CryptoTrading