BTC seems to be making the B from the ABC bounce, and as we can see, it looks like it's forming a rising wedge to reach to B.
if BTC uses the shorts as fuel to go over the previous 7.5k lower high, it can become really interesting for the bulls. But for now, we have just another lower high on sight, witch should top at around 7k USD, the bulls need to be the one to prove they can pressure the bears to close or liquidate their shorts.
Have in mind that most of the shorts were open with BTC above 7k USD.
if BTC uses the shorts as fuel to go over the previous 7.5k lower high, it can become really interesting for the bulls. But for now, we have just another lower high on sight, witch should top at around 7k USD, the bulls need to be the one to prove they can pressure the bears to close or liquidate their shorts.
Have in mind that most of the shorts were open with BTC above 7k USD.
