Bitcon (#BTC) looks just good
Currently trading above the $8.2K . The daily close above this level is highly welcome. It will lead us to targets $9K/$9.5K/$10K.
My invalidation level for bulish scenario is $8050, daily close below this level.
On the other hand ... the nearest lies at $7.5K. But I would not bet on this level as a strong support. This level already been tested for several times and becomes more weaker. The more interesting is $7250K - $7350. Which has not been tested yet. So, it would be interesting buying zone for mine.
I guess Bitcoin can test 8500 or it will go straight to 9000.
But ... It could be difficult to Bitcoin to get through zone between $8800 - $9100 because the previous $9K breakthrough was strongly rejected and price dropped almost $2000. History can be repeated. So, where could Bitcoin drop? Imo, it can be $8.2-$7.9K zone because of upscending triangle which is developing. In the worst scenario, Bitcoin can drop more closely to $7.0K mark.
Today, Bitcoin is decreasing and hit daily low in $8.9 zone. This drop means that BTC is below important trend S/R level (yellow line). On the other hand, It looks like the next Upscending Triangle is forming. Sumup - wait for Triangle breakout.
1D = Bullish - Yesterday, successful re-test of $8900 as support. Seems to be strong and Bitcoin hodls above this level. Next S/RL $9500. RSI increasing again, Level 65. MACD bullish cross valid, Histogram green and increasing.