Bitcoin: Native After Bitcoin touched the monthly 20MA, the result of patiently waiting for approximately two days without trading Bitcoin is that a 4-hour candle with meaningful structure is nearly complete. If the current 4-hour candle, which closes at 5:00, forms as a bearish engulfing candle, it will serve as a valid basis for opening a short position. It would have been even more favorable if a sweep above the previous swing high had occurred before the current candle’s formation—but unfortunately, that didn’t happen. Regardless, I will monitor the 5:00 closing price and decide whether to open a short position.