Price rejected by 50MA (the 1D 200MA is at the same level). A close through $8,500, to break these resistances.
The last two candles & volume evince very healthy momentum. Therefore:
i. The MA resistances are unlikely to arrest momentum without their significance undergoing a more thorough debate.
Assuming (i) is true, the question becomes: what will happen when price transcends these M.A.s ?
ii. It is likely that price will reject, at least initially, from the Fib retracement level at $9,100. Stoch RSI is resetting bearishly, and could cross over simultaneously with the printing of a LH.
But in this case, the M.A.s would then be supportive of price. This could present a bullish setup.
iii. Price could immediately move up into resistance under $10,000, & the macro Fib level of 0.5. The chance of this resistance holding without price having made a healthy consolidation, could present an ideal opportunity to go short.
For now, the first support is $7,700 - $8,000. The first resistance is these two M.A.s under $8,500.
P.S. Monthly sell signal on MACD, and Weekly buy signal... Watching the Stock RSI.
Of course, price could just reject from the MAs immediately, but this is unlikely due to recent momentum, and the fresh liquidity pools above price inciting it upwards.