BTC is on the verge of breaking to a daily higher high on the bounce if the bulls can see a push this morning.
If we reject from here the daily will form a lower high and we will see a tightening pattern within the highlighted support and resistance lines.
Important for the bulls to show up or we could stay in this range into tomorrow.
Healthy consolidation after the most recent bull move and the 15 min chart needs to change the trend.
Also look to EMA 12 support on the 4 hour and hourly.
Another morning like yesterday with the bulls comfortable as worst case, we likely stay in the tightening pattern if bulls cannot prove themselves.
If we reject from here the daily will form a lower high and we will see a tightening pattern within the highlighted support and resistance lines.
Important for the bulls to show up or we could stay in this range into tomorrow.
Healthy consolidation after the most recent bull move and the 15 min chart needs to change the trend.
Also look to EMA 12 support on the 4 hour and hourly.
Another morning like yesterday with the bulls comfortable as worst case, we likely stay in the tightening pattern if bulls cannot prove themselves.
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