BTC currently broke the ltf downtrend but remains in a htf ascending triangle supported by a htf uptrend as well.
Unless we break out of the triangle to the downside I'm still leaning cautiously bullish short term and expect a re-test of the resistance area at the top of the ascending triangle.
A break of that resistance level would mean overall bullish continuation on all timeframes and would propel us above 10k$
A break below however would indicate bears are taking control and we'll most likely see more retracement waves before bulls step back in again.
Unless we break out of the triangle to the downside I'm still leaning cautiously bullish short term and expect a re-test of the resistance area at the top of the ascending triangle.
A break of that resistance level would mean overall bullish continuation on all timeframes and would propel us above 10k$
A break below however would indicate bears are taking control and we'll most likely see more retracement waves before bulls step back in again.
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