After resting at this point there will be a breakout in the nearest term, this will determine strong trend on the undergoing features in the daily activities which will resolve to the next consolidation for a BULL RUN.
Just a quick explainer for people who are getting smoked and don't know why.
BTCUSD Price broken resistance of (49000.000). I think that price can retest this level and pull back. We will have good chance to open long position as soon as BTCUSD will start growing. Next resistance (55000.300) can be our target