As you can see a long term upward trend line has been touched by Bitcoin and price action has had a good reaction.
I would expect a bounce here, the risk reward for a long up to the next significant weekly is good.
Trade carefully, Bitcoin is volatile and unpredictable & heavily manipulated by exchanges and whales who can eat your stop for fun.
Lots of reasons to be taking profits here if your long and a good area to open a short.
We have reached the 50 week SMA which has acted as a strong resistance in the past.
We have also reached the long term trend resistance line which could act as resistance for the 3rd touch.
