Bitcoin - Bull or Bear Break ~ What's Next?!

More price action is needed on the lower time frames for clarity. I am watching this 2d equilibrium pattern anticipating the range to tighten further (chart on left). It is most likely price will print a lower high relative to $7750 and continue to tighten the range. If we get a bull break price will likely push to the weekly 12 EMA filling in the bear flag (chart on right). If we get a bear break price will most likely tighten the trading range and print a higher low relative to $7082. Right now I am not opening any new positions until we get more clarity on the lower time frames. From a macro perspective it would be more bearish if prices pushes up to the weekly 12 EMA/4h 200 EMA next week. It is noteworthy the 4h 200 EMA and weekly 12 EMA will likely be confluent next week with the visual bull break target in the low 8K range.

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