🚀Attention BTC enthusiasts!🚀 Bitcoin's price has surged past the crucial $27K resistance zone, marked by the 100 and 200-day moving averages. After a pullback for confirmation, the market is now targeting the significant $31K region, which aligns with Bitcoin's yearly high. 🎯

On the 4-hour chart, a bullish divergence between the price and the RSI indicator has led to a strong upward movement. However, the $30K resistance zone may temporarily impede the uptrend. If buyers manage to overpower sellers, a sudden breakout could occur, potentially liquidating numerous short positions. 📈

🔍Keep a close eye on price action in the coming days, as mid-term volatility will significantly influence the market's direction. The futures market, with its steadily increasing taker buy-sell ratio, plays a vital role in shaping Bitcoin's recent price movements. If the ratio continues trending above 1, a bullish continuation in the short term can be anticipated. Stay tuned! 📊