BTC appears tempting from the 4-hour indicators and candlestick patterns for a bullish perspective, but the daily and weekly timeframes lack the conditions to establish an uptrend. Particularly, the weekly indicators are firmly stuck at this level. The upside space is limited and could be smashed at any time. The main support is still displaying oscillating micro-increases to buy time before eventual selling and crashing. Using the daily Bollinger Bands resistance at 71800 as the top, the breakout point above is the 8-hour EMA dual-track resistance at 72800, which is also the pressure line from the March 4 high of 74000. Currently, 71000 is the nearby resistance point at the highs. The recent pullbacks in the price action have been around 69000. Yesterday's short at 70200-71000 highs, today's short shifted to 70500-71300 highs. Short based on the daily push-up highs. Limited upside space, a crash could happen at any time.

BTC2,59%

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