Looking for sign of strength on bitcoin 4-hour

Purple circle shows a long wick on a hammer reversal candle which managed to close back above support. That may be enough to make bulls push price up today to the next level. If however the current support breaks down again by tonight, we may be in for a further drop tomorrow targeting 3% which may tumble into a general market meltdown over the coming week. We are watching.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.