Before start talking about BTC it's important knowing what's going on global market, SPX, NASDAQ, NIKKEI. This week begins with good feelings for global market, SPX500 being 2% away from maxims, also NASDAQ 5% close to the maxims, we are seeing a clearly global recovery after the big dump that happened last week. So it's very optimistic that important index as SPX, NASDAQ, NIKKEI, even IBOV are approaching from maxims and as the market maintain bullish, in the long term, specially after a sudden big crash. Suddenly crashes indicate retracement of the upward movement, forming bottoms and showing goods trading/investment opportunities if you're smart and buy when everyone is on fear.

For BTC it's really important that fast recovery as we approaches to the big wave, if all market is on a bullish trend, BTC also tends to follow this trend. This last week for BTC was very boring even with all market in a uptrend in the short period, BTC maintained
in the 56K-62K price range basically lateralizing in this undecided week.

For now would be essential BTC breaking 62K resistance to show strength enough to approaches 70K resistance and get closer to new highs, but if it retreats and break 56K support it will show a market weakness and would be bad for short time period, also is not what we want considering that big optimism in global markets. In daily chart, this wedge keep drawing new tops and bottoms sticking with the annual VWAP as gravitational center and consolidating even more, probably indicating that we are near from this wedge break to new week highs.

As the market keep doing false breakouts in short time period, would be great taking care with this false ruptures and wait for 62K breakout. When the market is acting like that it's important you look from a long time perspective, knowing that we are close to a uptrend pullback and not falling into institution temptation indicating this "false" down trends.

Stay safe.