Strong rally over the last few days from 38k, some pullback to be expected. Definitely won't be shorting this, but I have deleveraged for the time being. Hard up under the 200D MA and didn't see the aggressive claim of the pivot i would have liked for continuation so my thoughts are this:
Decent possibility BTC retraces here to the marked Targets (T1/T2) in red before its next attempt at a leg up. If this happens I'll be looking to get a nice position long.

Scenario 2:
BTC carries on with this momentum, and pushes through to the next level I'm watching - 46k to 46.6k. At this point in time if that happens i wouldn't be surprised if 50k is hit relatively shortly after, opening up a great short entry for the highly likely retrace to the mid 40's. For now I'm waiting to see the signals for the next move.
Chart PatternsTechnical IndicatorsTrend Analysis

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