Last squeeze below 7600 was an obvious stops hunt. Now price has made a pretty strong bounce, broke the and can test 8100 zone again.
In my public channel (check signature) we have even made a small profit on last squeeze below 7600. Now after the bounce we have opened long. You can open long now as well, or you can wait for a small (~50$) retracement and then open long.
Looks like bears are losing momentum but for now it could be just a retracement/correction. On dayly timeframe market doesnt look yet. Bitcoin price can even try to close big gap, but still drop after that.
I will post new updates of this idea if anything important happens.
What are your thoughts on it? Lets discuss in comments!