Last week, Bitcoin attempted to touch the 30-day moving average three times but was pushed down each time. Later, it became clear that something was going to happen in the U.S. over the weekend.

On Sunday, it hit a new low, briefly dropping below 100,000, but subsequently saw a strong recovery with increased trading volume. Sunday recorded the highest trading volume in recent times and had a long lower shadow, indicating the strength of the bulls around the 100,000 mark.

Today, Monday, a small engulfing bullish candle formed. If by tomorrow, Tuesday at 8 AM, it can maintain above 101,000, there is a high probability of completing a short-term reversal. $BTC