BTC is facing a lot of selling pressure betwen 33.8K to 34K, Last daily candle is promising an uptrend. MS in LTF is bullish. Clearing the mentioned area with volume should sent the corn to above 35K.
$super is forming nice bullish market structure and since the NFT mania in the air, this should be gearing up to 1400 sat then to daily 200 ema.
Maybe the most bullish weekly engulfing candle (closed above last open price candle). Breaking 135 days of downside, I don't think this move will end up here. Closing daily above 2250 should attract more traders for this play.
Quick comparison on what major DEFI is did last run is shown link is extremely lagging behind other DEFIs. Just matter of time for LINK to catch up some uptrend.
ETHBTC showed some weakness against BTC, if the tradeline is broken and we put a lower low on last low, that will be the death of alts/btc regardless of BTC direction.
Since price was rejected from last daily HH, last daily LH (33.5K) could be the support. BTC didn't make new HH in daily basis, and if the daily candle close below 33.5K market structure will be confirmed its bearish look. I think H&S will be printed in daily timeframe and the next low will be the daily low 31.5K.
As BTC is reaching important level 34.7K there are two possible scenarios on the table: Yellow - we have to close 4H candle above 34.7K, retest and that will lead to 37.7K Orange - Reject from 34.7K and dump to mid 31K forming complex inverse H&Ss and come back to 34.7K.
Finally BTC decided to breakout the falling channel. Now all the eyes on closing above 33.9K to confirm the uptrend and form double bottom. Target is 37-38K
BTC broke the rising parallel channel. If we got a 4H candle closing below 34.1, it will make a LL and market structure will be broken. Then I think the next bounce will be from 32.5K.
BTC could pull back to 32.3K then to 31.1K forming Complex Inverse H&Ss then will leave the low range to play the high range from (36.2K to 40K).
ETH.D had a bearish div on 4H, that could dump ETH in USD and BTC pairs. and of course alts as well.
Btc.d may continue uptrend to 50% resistance. As btc reached a weekly resistance at 38K, alts could dump again. Take a profit if you bought yesterday.
Buy strength they said. What a recovery. Flip 0.0078 and it should touch 0.0094.
with $link is pumping and 2.0v news , it should be lead other oracles . all the eyes now on $dia & other oracles .
I will not be surprised if $XRP revisit the 3000 sat or at least these yellow lines before break the orange triangle.