This is the "no dip" bullish case for Bitcoin...
And the wider market.
We are in a LTF triangle where, as you can see, BTC is respecting the 4H EMA nicely, with 3 taps now.
At the same time we also have:
- ETH closing above 1D 200d ema and using as support, as well as the 4H 50d ema
- ETH/BTC above 4h 50 EMA using as support
- TOTAL above key SH and 4h 50 EMA, using as support
The only LTF bearish thing happening here is USDT.D breaking above the 4H 50ema, but this could just deviate back below if BTC moves higher soon.
Basically, If BTC breaks below this current level, out of the triangle and heads lower, we will also lose all of the other key levels listed above.
If we're going to move higher without a larger pullback, we want to see this range hold.
