Short term is up, no doubt about it. The long 1 hr green bar speaks for itself. Longer term market conditions says the price is in a vacuum right now, In other words, price should move to a more stable area. In this case, 3100 (500usd) or 2900(475usd) have been past consolidation areas.
On the , it looks like we are just chopping around with large . Bitcoin prices will trade within the the triangle until a big breakout happens. That is the opportunity to trade again. I am still hold short because the trend is down. However, unlike my past conviction about this downtrend, I am now doubtful of how the market will react. If market makes new high above recent high, I will cover.
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