Bulls held well overnight without much consolidation after the tether news bump.
We are still battling EMA 12 daily resistance and will need a clear loss of support and the uptrend line to see bears take over the short term.
With a bull break we will look towards $7,000 psychological resistance.
The hourly chart and shorter term time frames are a bit choppy so I would suggest using longer term time frames like the 4 hour for key levels.
News has been the driving force of the market the last two days so keep a pulse on what is going on.
Big upper and lower wicks show a lack of follow through in either direction.
We are still battling EMA 12 daily resistance and will need a clear loss of support and the uptrend line to see bears take over the short term.
With a bull break we will look towards $7,000 psychological resistance.
The hourly chart and shorter term time frames are a bit choppy so I would suggest using longer term time frames like the 4 hour for key levels.
News has been the driving force of the market the last two days so keep a pulse on what is going on.
Big upper and lower wicks show a lack of follow through in either direction.
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