The weekly close that the price has drawn is a good signal given that it closed above the previous high made with a shooting star, therefore the short-term retracement is over and we could see weekly candles of +10%. The market here is cleaning up some excess due to the rise and break of the previous highs at 49k USD, therefore in the short term or rather very short term. After breaking an important level such as the 45/49k USD area, the price here is telling us that it has bullish intentions, there is no doubt, the strength is there, the volatility is evident, what else is needed? We are in a moment that seems like the prelude to a bullish explosion, I do not exclude that the price could also catch its breath a little in the short term given the ride of the last 20 days.
