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Bitcoin’s major cycle daily candlestick pattern shows consecutive bearish candles followed by a single bullish one, with the price at a low level. The attached indicator is running in a golden cross, but overall, the continuation and momentum are still somewhat lacking, and there is obvious resistance on the weekly chart!
On the short-term hourly chart, the price broke above the weekend high during the early morning hours, then corrected downward under pressure, before rebounding from the second support. The current candlestick pattern is showing consecutive bullish candles with the price above the moving averages and the indicator in a golden cross, so there is a high probability of continued upward momentum to break new highs during the day!
For short-term trading, consider going long on a pullback to the 91000 area, with a stop loss around 90500, and a target of 92500! $BTC