BTC looks bullish on the weekly but on the short term graphs both the EMAs and other indicators look like theyre going to drop before they go back up to higher highs, personally if believe that the 8400-9000 area is the sweet spot before we go full bullish, if we go below the 7800 support we might see an even lower drop but only time will tell. It could also go up sooner and test the 10500 resistance, but thats if it break the parallel down trend. But once again this is BTC u can do ur research and hope for the best but always be prepared for the worst. (This is my second analysis ever lol, dont take my word for it, go do ur own research and share it with me as well thanks!)
Comment:
We just broke below the 50EMA significantly for the first time since the move to 10500, short term indication again for a down trend