Since the short squeeze we have seen strong support levels around the 1-day Kijun (7800 USD). Adding to this the Tenkan shows an upwards trend. A Tenkan-Kijun (TK) cross in the coming days could be a new, though relatively weak, bullish signal.
To (more) strongly confirm a bull market, this TK cross first needs to be supported by (1) BTC breaking the bearish...
Yesterday's short squeeze broke two months of heavy bear resistance and caused a Kijun cross at the 1D-level. With the additional upward support during today's trading the 1D Stoch RSI shows heavy overbuying which could be a bearish signal on the short-run.
Next targets for bullish confirmation:
(1) succesful retesting of the Kijun
(2) Tenkan-Kijun cross ...
