$BTC recently blasted above the prior daily high around $48,000. From there, it shot through the $52,000 resistance zone and looks to be headed to the next resistance zone around $58,000.
From here, after this current impulse ends, I will be patiently waiting for a pullback. Then, after the pullback, I will be on the lookout for long entries.
In this chart, we can see $BTC pulling back to the $52,000 support zone before continuation to a new ATH around $70,000.
In this chart, we can see $BTC pulling back further, to the $47,000 - $48,000 support zone before continuation to a new ATH around $70,000.
On the lower time frames, I remain bullish as long as $BTC is closing 4H candles above the $52,000 support zone.
From here, after this current impulse ends, I will be patiently waiting for a pullback. Then, after the pullback, I will be on the lookout for long entries.
In this chart, we can see $BTC pulling back to the $52,000 support zone before continuation to a new ATH around $70,000.
In this chart, we can see $BTC pulling back further, to the $47,000 - $48,000 support zone before continuation to a new ATH around $70,000.
On the lower time frames, I remain bullish as long as $BTC is closing 4H candles above the $52,000 support zone.
