No bearish positions by far

Morning folks,

Last time we've talked about possible bearish context that might be forming on the market, but in recent 2-3 sessions situation has changed significantly and we have to postpone consideration of bearish positions by far. On daily chart we've got three in a row bullish grabbers that suggest action to 36K at least. It means that we have to wait either when grabbers are completed or failed before speaking again on bearish positions.

For long entry our vital point is recent lows. On 4H chart we haven't got real 33.6k breakout as price briefly touched it to complete downside AB-CD target and form "222" Buy pattern. Until lows are valid, BTC keeps bullish context and chance to climb at least to 36K area. Potentially it might be AB =CD as well, with 37.3K destination point.

If you consider long entry - wait for the patterns on the lower time frames. For example, we could get reverse H&S on 1H chart. Try to buy as close to the lows as possible to minimize the risk. Use some retracement to Fib support levels.