CUP AND HANDLE?

Which way it actually goes can be anyone's guess. I worry because a lot of good news has come out with little reaction from the price.

Russia adopted crypto
Blackrock wants Bitcoin
El Salvador Bonds approved

Are we just in small reaction rally from the lows and going to retest the lows or make a new low?

Is this going to breakout to the upside?

Comment:

fake out to the downside, fake out to the upside, now we are sitting in a fairly bearish position relative to price action in the handle.

Bullish case is we hold $41,500-$42,000 and start moving up likely seeing a big change in sentiment and increased volume.

Trade closed manually:

Looks like she decided to take another skinny dip.