When DXY broke the HTF trend, BTC broke through 10K. During the run to 40k (!!) DXY dripped to the current weekly suppport. Now DXY is showing some strenght to make his move upwards. DXY -Bullish divergence -Weekly support BTC -Funding at ATH -Small bearish divergence -psychological 40k resistance No signs of reversal on HTF
BTC is bullish. Long term target 11K
0.5 Fib bounce possible MACD cross Above 20MA High volume RSI = 50
Currently btc is trading in my weekly OB, Just hitted the middle line of the OB
My guess is first to get the liquidity out by making a LL. In the past this happend a lot. Let's find if history is gonna repeat itself.
BTC (1D) is in a falling wedge now with a big bullish divergence. It should go one more leg down to 3k before we're going up again.