Short term.. The bullish structure hasn't invalidated yet
On the lower time frame perspective which is the intraday level, the price of the bitcoin is still trending slightly above the previous broken resistance as a support and also, the price is still maintaining the movement above the yellow broken resistance trend line.
Also there is an update on current structure which we see a flag pattern on current condition which makes it easier for us to find the future's long position. If the price can break above the upper line of this descending parallel channel, we will see a brief test at the interim swing high level at $24200 region.
Overall bias is still in neutral condition but we see some possible opportunity to do scalping long position. A beautiful ups and downs near the strong level of support but lack of confirmation
Also there is an update on current structure which we see a flag pattern on current condition which makes it easier for us to find the future's long position. If the price can break above the upper line of this descending parallel channel, we will see a brief test at the interim swing high level at $24200 region.
Overall bias is still in neutral condition but we see some possible opportunity to do scalping long position. A beautiful ups and downs near the strong level of support but lack of confirmation
