Bullish momentum in a bearish trend

Volume is strong, we are above the 50 MA on the daily, and MC looks good. Let’s see how bitcoin responds at the next fib stop/ trend line. Could be an over all bearish trend forming if 11,360 sends us right back down.

Kommentar:

I would like to point out the volume on Ethereum for bybit. Dwarfs anything we’ve seen for a while. I imagine the price action doesn’t reflect this volume due to it being the only one showing this data. I imagine any derivative traded crypto’s will do well during this next bull cycle.