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BTC Analytics Where are you growing??? Globally: it’s hard to imagine stronger resistance than the 30000-31000 block; but the last days have shown that the market absolutely does not care about all the resistance; Bitcoin now has only one goal - to take out all short positions
I expect a sharp upward puncture when all the stops of the players’ shorts fall and a subsequent correction
Locally: we bounce from 31000 and instantly buy out, which is a strong bullish sign, and the market is still full of green
$BTC Bitcoin closed at 29690 on CME, which means that we will return to this price by the beginning of the week with a high probability until Tuesday. It's still getting to a potentially good level to open a short position (30800-31300). I think that by Monday-Tuesday we will see an unloading to the 29300-29500 area, and from there we will go to a new high. I don't trade on the weekend, but on Monday I will watch the price reaction at the opening of the new week. On the hourly chart we got a bearish divergence, which agrees with the descent to at least 29500, or even lower. I will attach the chart screenshot below.