in hive-180932 •  2 months ago 

BTC has shown some strength today but when you look at the medium term, BTC is still consolidating after the up move from 4000 level. Until it breaks through 10067, which is the previous top of last trend, I would not say the bull trend has started. But looking at the intermediate term, I will have long bias until 8650 is broken.

The BTC has started tighten down recently and the range is narrowing which means the buyer and seller has met with the equilibrium point, this is rather good news for the long side and the supply is being absorbed by the buyer at the recent high level. Let see if BTC will break the high with volume.

Stay safe and healthy~
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