The lower grey marked range must hold, the upper grey marked range is the current resistance we need to flip. The Daily 200 EMA at 3300 sats will be a struggle but that is a 15% move from here.
I wouldn't be surprised by a retest of 2650 or 2500 sats so this is a "watch and wait", the safest play from here if price moves up would be to see and break above the upper grey range and entry on retest with a tight stop back under the range. If price moves down from here I'd be looking for signs of strength at levels of interest, support at 2500 for example, break above 2650 and resupport/entry on 2650 could be something to watch for.
I'm always looking for 1 support to hold, to break resistance and see that second support as a clear sign of strength.
Each gap between the higher levels of interest is 5%+
Bullish factors: EMA's in bullish order 9, 20 , 55, 200. RSI, MACD and CCI in bullish territory.
Bearish factors: Currently at resistance, RSI may begin to paint bearish divergence, BTC currently looking weak.
I wouldn't be surprised by a retest of 2650 or 2500 sats so this is a "watch and wait", the safest play from here if price moves up would be to see and break above the upper grey range and entry on retest with a tight stop back under the range. If price moves down from here I'd be looking for signs of strength at levels of interest, support at 2500 for example, break above 2650 and resupport/entry on 2650 could be something to watch for.
I'm always looking for 1 support to hold, to break resistance and see that second support as a clear sign of strength.
Each gap between the higher levels of interest is 5%+
Bullish factors: EMA's in bullish order 9, 20 , 55, 200. RSI, MACD and CCI in bullish territory.
Bearish factors: Currently at resistance, RSI may begin to paint bearish divergence, BTC currently looking weak.