1/ Bullish engulfment h1 2/ Return to the red line (miner's break-even) 3/ Decent volume on the emphasized bars 4/ Shake-out in the last few days. Which is obvoiuos now. "What goes down too fast, comes up".
As for HTF view: 5/ But the main thing we want to witness is BTC being decoupled (sorry for cliche:) from SP500. That's the THING it was created for.
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Looking closely at PA at 6700-6800 level. If BTC fails to hold onto this level than I'll probably close the trade
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I really like the PA & momentum. BTC accumulated enough fuel to reach 7400-7700 level.