Title
BCOUSD H4 | Bullish bounce of 50% Fibo

Type
Bullish Bounce

Preference:
Price is falling towards the pivot point of 88.644 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 91.846 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 85.604 which is a pullback support level.

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