We had an hourly double bottom
break without much bear follow through and then led straight into a bounce. When I see action like this it tells me the bears are tiring and it now has me scouting for signs of a daily higher low. There is still a lot of work needed (4H trend change) to be confident the higher low has been set, but aggressive bulls are going to start bottom fishing recent supports. As a patient bull I will be keeping an eye on a good risk/reward entry I like, but not forcing anything as the likely result will just be a tightening daily range into the weekend.
Bears are still comfortable but they are also making not of the lack of bear follow through. 3 rejections from EMA12 resistance on the 4H chart yesterday is a guide for today's action.
ETHBTC trying to put in a daily trend change for the weekly higher low in the weekly equilibrium is also something to pay attention to this week.