On the Daily chart we can see some resistance forming around $4100 price level. If BTC manages to break that (close a higher timeframe candle above this level) then, we can see it testing $4600. (Daily 200MA)
Failing to break up would be a bad signal as we would then likely end up testing the last weekly support for a 3rd time and that would be a bad signal.
If we do break up above the current resistance here I am going to buy the dip on said broken resistance as that should now become support.
For our members; take the Elephant trade as usual and you have the perfect entry and initial targets.
For discussion you are always welcome in our Discord channels. Feel free to check out our articles on Coinstreet.BM or jump in the channel to join the discussion or learn about Coinstreet.