Weekly and 3d is oversold, so this pump had to happen at some point.
I am just surprised that there hasn't been a shakeout dump before that, only a slow grind down. Quite boring for BTC actually.
And that despite that quite high longs. Well, that was an interesting surprise.
I think we'll be headed back to 8k territory, and then at some point the bearmarket will resume again. This is a bearmarket relief rally and nothing more imho. We're not done yet with this bearmarekt, target still remains 3k imho.
However, I am switching to short term long.