BTC bulls holding strong after buying the bear break yesterday.
Healthy 4 hourly consolidation, but the bulls now must see continuation today.
If we break the high of the bull move up to this point, we will be back at daily EMA resistance.
My personal criteria remains that the bulls must break the daily lower highs by breaking $3,766.
A red flag for bulls would be a break of the current low of consolidation.
The difference between yesterday and recent bull moves was time.
The bull move lasted many hours as opposed to just a couple 5 minute candles.
This is the kind of sustained bullish action the bulls must see if shift longer term trends.
Healthy 4 hourly consolidation, but the bulls now must see continuation today.
If we break the high of the bull move up to this point, we will be back at daily EMA resistance.
My personal criteria remains that the bulls must break the daily lower highs by breaking $3,766.
A red flag for bulls would be a break of the current low of consolidation.
The difference between yesterday and recent bull moves was time.
The bull move lasted many hours as opposed to just a couple 5 minute candles.
This is the kind of sustained bullish action the bulls must see if shift longer term trends.
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