Type :
Bearish Drop

Key Levels:
Resistance : 22420
Pivot: 20785
Support : 18610

Preferred Case:
On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from the pivot at 20785 where the overlap resistance and 38.2% fibonacci retracement are to the 1st support at 18610 where the swing low support and 78.6% fibonacci projection are.

Alternative scenario:
Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the pullback resistance and 61.8% fibonacci retracement are.

Fundamentals:
Due to the weakening US Dollar , we have a bullish view on Bitcoin . We’ll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.