BTC has fallen sharply last week, but we can expect a trend change here.
Most recently, it formed a descending wedge at the 4-hour level and broke above. Today's rebound of Japanese stocks and the spread of risk-on-mood are the factors.
Technically, it's starting to rise with support for $44,000. The most recent point of interest is still $48,000.
It seems to divide the light and dark of the market after that.
MACD is still down, but RSI is turning up. There is a great chance that you will be bought from here.
The dollar remains strong, but when this is the time to take a break, strong momentum may come back to BTC.
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