The short answer is NO! Why? The rally is already overextended and we have yet to see 10k being flipped into support. Why is that important? The price of 10k corresponds to the 61.8% Fibonacci retracement level. For us to have a plausible bullish setup, we need to see a break and close above that level on the daily and then for BTCUSD to turn it into a strong support. If that happens and we see the price finding support on a valid trend line in addition to the horizontal support, that would be our cue to be bullish on the market with tight risk management as the rally is already overextended and there is not much upside to expect even under the bullish case.
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They keep printing tether to push the price artificially..we might even have a short lived fake bull market haha
DoctorJohnSmith
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@wildbeast, Very true. 25M last night which then pushed the price to 97xx, then another 20M sent to Binance a few hours ago. It appears that that move may now be played out.