Bitcoin testing important point of support. Both on important circle that crosses with important MA. For now seems holding ground getting steam from the wick but...
Rebound seems reaching pivotal point. Force to stay in circle is strong but the higher the circle goes, the stronger reversal momentum would become. Overall more bearish than bullish. Probably upper gap then lowwer gap.
Peak is not the peak. Its overbullish extention. Bottom is not the bottom. Its overbearish extention. So the truth lays between. The second peak is the peak. The higher bottom is the bottom. And the projection is only the true second ending point projection. Use are you feel fits you.
BTC jumped from lowwer channel into higher one. Previous resistances changed into support. The Dead Cat still flying until the next stronger resistance or breaking channel. RSI indicates a bit energy left in the air to glide up.
