BTC Bulls Have my Attention Again

As shorts continue to climb the bulls bought the bear break last night with some strength.
We are seeing a solid bounce and a 4 hour lower high being set, keeping the downtrend intact, but the size of the bounce and the fact that the daily chart is already attempting a higher low is a good sign for the bulls.
We are watching what consolidation looks like this morning to see if the bulls can pull off a 4 hour higher low and continuation, or if the pullback is going to be large enough to give us an equilibrium to watch.
We are still looking for a break of $6,636 to force some bears to cover, but we will likely need a healthy 4 hour higher low before we can set our sights on continuation.
Those bulls looking to be more aggressive will buy this consolidation to establish a position. More patient bulls will give up some reward to eliminate risk by waiting for the bulls to prove resistance breaks before getting a position.
You can also do a bit of both!