Bitcoin
Long
Updated

A possible outcome

Looking at the 4h time frame we can see a bounce off the 21 ema if the bulls stay in control in the short term a possible scenario could play out as suggested, fwiw on the daily time frame we look a lot more bullish being well above both ema's. Time will tell gl.
Note
Have gone short atm expecting us to test 3600 level
Note
Almost tested 3600 and have continued going back up which is a good sign for the bulls, this scenario is still on the cards of playing out, watch the ema's and 3550-3600 level breaking, for now i see us consolidating in the 3700-4k range before re testing 4200 and ideally breaking higher resistance levels, the more we test 4200 the more likely we are to break it, no longer short gl.

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