Ok so now let me break it for u what I see. In order trend to continue and catch a MSL (major swing level) this movement must continue above the previous MSL in order to mark it as an actual swing. I see a lot of ppl calling it a dip well its not until it clears the in short term the levels ~36200 and then above ~40-41. As you can clearly see when the downtrend started, a failed MSL is a factor. I am leaning towards bullish for now. Lets see. Have a nice day!
Comment:
34'300 was denied by the Bears, for the Bulls they must see a break of ~34'400 and upper to the resistance ~35'500-36200 and only after breaking this level we can call BTC bullish again. Until then I believe 35'500 will be a perfect level for Bears to short once again.
Comment:
As we can see from the chart, this was not a major swing level, could be even a sell off, see pattern before that on the lower swing level. Lets see