Bitcoin pumped hard and hit 48k in binance future (almost all short positions liqudated) this move didn't surprised us ...we bought BTC @ 31400$
In previous update we talked about RSI indicator turned bullish ..today new bullish signs: –price close above 50D ema first time since may –Bulls successed in restoring the weekly support above 34k again (weekly view)
For new bullish wave we still want to close weekly above range high 39-41k
What are next scenarios in short term ? 1- continue breakout without any pullback 2- pullback to 36-35k and move up again 3- breakdown of mid range (bears attack again 😅)
Yes Bulls have chance this time than any before ! But dont trade blindly
Dont forget likes and follow for more analysis and signals Best of luck
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