BTC has a positive signal
BTC has a second bullish reversal signal in the support area of the daily frame, after the bullish Fakey setup showed that the bear trap had spread before a cluster of candles engulfed the price.
Price may continue the BTC uptrend on the daily frame, the immediate target for BTC price will be to retest the supply area of the Fibonacci confluence on the H4 frame ($27k8 - $28k3)
If the price can overcome this supply area, the price will tend to retest the key level of the supply area confluence at $29k8 - $30k on the H4 frame.
The movement on the H4 frame tells us that it is just a retracement wave and does not break the Downtrend structure.
The $26k4 and $29k5 BTC CME gaps are the two closest but still unfilled BTC gap areas.
BTC has a second bullish reversal signal in the support area of the daily frame, after the bullish Fakey setup showed that the bear trap had spread before a cluster of candles engulfed the price.
Price may continue the BTC uptrend on the daily frame, the immediate target for BTC price will be to retest the supply area of the Fibonacci confluence on the H4 frame ($27k8 - $28k3)
If the price can overcome this supply area, the price will tend to retest the key level of the supply area confluence at $29k8 - $30k on the H4 frame.
The movement on the H4 frame tells us that it is just a retracement wave and does not break the Downtrend structure.
The $26k4 and $29k5 BTC CME gaps are the two closest but still unfilled BTC gap areas.