We can see with 4h candles that BTC is crossing over on the MACD to carry an up-trend. This is complimented by an increasing RSI value hinting at increased buying. We also can see we broke the 20 and 50 EMA's and the 78.6% retracement from previous high. The only thing we are struggling to break is the top resistance of this new flag which, coincidentally, is where the 100 EMA resistance is. If we can break this resistance I think we will be free and clear up until the big macro trend that acted as a support previously, but will undoubtedly act as a resistance.
Let's see how this develops.
Let's see how this develops.