27.4K still on the table

18 בספט׳ 2023

Morning folks,

Situation has not changed significantly since Thu update. We still keep our short-term upside target around 27.4K. Now price is coiling around 4H K-resistance after completion of COP target (0.618 AB-CD extension).

Here we have two bullish signs. First is - tight standing right under the level suggests attempt of breakout. Second - we have bullish dynamic pressure when MACD goes down while price is not. It points on the same.

That's being said, until next update on Thu, BTC should try to break resistance up and touch 27.4K target