Once again we have created a real steep uptrend with this bounce and breakout. Very likely to retrace to 5900 which would be the 0.5 fib of the breakout and liquidate everyone who bought it, which would play into tagging the uptrend as well and bouncing to complete the wave 5 target of 6800.
Comment:
Market delayed the move a bit to cause a bit of panic buying but then liquidated longs and notice where the wick touched exactly....crypto is too predictable.