Can be wrong but to me it looks a bit more like a bear trap on daily. However at least it is a scalp.
If you did not bought at trend line (green) wait for conformation (W).
Do not like tight stops for crypto but right now imo better.
Chart based on "BraveNewCoin Liquid Index for Bitcoin" (BNC).
Chart represented in logarithmic view. It includes halving.
Fibonacci analysis of current cycles is used to predict next movements.
I personally do not believe that 250K will be a "realistic" target.
Never seen worse OBV and A/D. I'm expect one to two month gentle up movement before it will tank to finally enter accumulation zone. However other banks perspective doesnt look much better but on higher level.