We have a couple of parameters to consider at the moment. We had an obvious 4H rejection yesterday but the 4H MA50 has come for support (blue line). The MA50 is near crossing over the MA200 and that will be a Golden Cross pattern, which as you see on the chart last time peaked at 12,300 forming the 1D Resistance.
As a result, if 11,100 breaks, it would be a 1W Lower High breach and the 1W will be invalidated. In that case BTC will most likely follow the Golden Cross pattern to fill the Gap on the 12,300 1D Resistance.
Medium term traders should treat 9,100 - 10,000 as the medium term Accumulation Zone and methodically aim for the 1W Lower High Gap fills (12,300, 13,180 and 13,780) just like we did early in 2019 on the 3000s long term accumulation zone.
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