Bitcoin found a Dip

Bitcoin BTCUSD price has been hesitating at the December Liquidation Low for several days. This morning price dipped on an attempt to break the range but found support at the prior September 2021 level.

I just received a Spike Alert on the 1 hour timeframe that would define the risk of a long trade for those inclined to buy the dip. The target would be at least a 50% Retracement of the recent down move. The next likely Resistance would be 46000 which was the bottom of the last Hesitation Range.

My thesis remains bearish over the long term but this Spike Alert fits the rules for a Good Trade for those looking for "a dip."