BTCUSD: breakout or support retest?
After a brief venture in 49k territory yesterday, BTCUSD struggling to overcome the upper limit (SSA) of the Kumo Cloud, in a moment of direction uncertainty among traders. Staying too long below 48200 level would risk to consolidate a bearish Double Top formation which could bring price down to the lower limit of the Kumo Cloud at least. However, a firm move above 48200 level with no retracements could signify a breakout of the Kumo, with a free Chikou Span with little to no obstacles up north for a while.
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