After breaking up with Bitcoin yesterday.
Last night, we secretly got back together.
🙊
Bitcoin's daily moving average pattern resembles an alligator's mouth.
It leans more towards going long.
The probability of a breakout upward is increasing.
There was a pullback last night. It stopped dropping at 93500.
It has been consolidating at a high level for so long. It has replaced the drop with consolidation. A lot of momentum has been digested.
Currently, at the 4-hour level, it is following the script drawn in yesterday's analysis.
Let me explain here. The chart drawn yesterday indicated that the upward breakout could not be sustained.
The only relatively certain move is upward in the 4-hour timeframe.
This move has completed. Whether it can be sustained depends on the subsequent market.
Currently, looking at the combination of the daily and 4-hour charts, this move has not yet completed.
Ethereum is synchronizing with Bitcoin. As Bitcoin rises, Ethereum has to follow somewhat.
All mainstream altcoins have a tendency for rebound and correction.