Notice the light blue/red dashed line on this chart... This is our support level.
Notice the black descending trend-line... This is our resistance.
Yesterday Bitcoin moved to challenge our resistance and was rejected.
Today we see a bounce at support. This same support level has been holding for the past 10 days. It was tested 3 times before and every time Bitcoin bounced.
Now we see BTCUSD moving above EMA50 and EMA100 on this timeframe (1H).