good morning, low daily volume at this very moment is passing through the rejection zone with little hope I believe that if you stay above 48800 there is a chance of continuing high, but if you do not overcome the rejection (blue line), and reach the point of attack of the bears (red rectangle with bell) we can see a dip (black arrow) up to 40k and may encourage a more aggressive downward movement up to 36 (blue horizontal), which is a great point for the start of a big upward movement, if a more aggressive low does not occur the reversal point for a new high would be between 41 and 38k.
Note
BTC is now reaching a positive scenario as described, reached and even exceeded 48,800 ~ so we continue on the bullish trend (feeling) and this is great.There are 4 hours left to close the daily candle, I hope it will remain at 48,800 and upwards to continue the bullish trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.