Retraces and corrections have been non-existent for Bitcoin ... Or better yet, short-lived.
We are seeing strong consolidation take place near resistance.
When prices are going to drop, they drop.
Staying near resistance is a signal of strength.
Based on this chart, BTCUSD 1H, we are likely to see higher prices soon.
Conditions for change
If Bitcoin moves and closes below EMA50 ($26696) the short-term bias is lost and this analysis can be considered invalid.
We do not trade here.
We focus on the altcoins.
Thanks a lot for your AMAZING SUPPORT!
I am always deeply grateful.