As simple as it gets, and as I published in my first idea a month ago, price broke below the main curve and pullbacked giving a nice short entry im still in. At the moment we have a liquidity pool resting below 9k that needs to be absorved, with a clear descending triangle pattern. Short/long positions still showing bearish vías with more than 60% of the market longing, so all those needs to be rekt before a continuation of the bullish trend. Buy rumors sell news with bakkt could also be in play too, so a drop and a break of that triangle is more than expected, absorving at least 8.4 -7.2k area, and moving back above the 10k area,traping some short and late sellers that will push the latter move. Buy areas I will be looking and I already gived in my first analysis are:
8.4k
7.2k
6k
8.4k
7.2k
6k
