70.3K is a nearest target

14. Okt.

Morning folks,

So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target.

On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry.
It is just unclear in what manner the pullback happens. Big reverse H&S pattern is more in favor of 61.15K area, while gradual minor retracement could point on 62-63K... Overall context bullish and we do not consider any bearish positions by far.