$BTC is showing signs of a continued uptrend with a bullish market structure as observed on a broader timeline. However, there are indications of volatility with both downside and upside movements noted recently, suggesting that the immediate price action could be noisy until a clearer signal, like a daily close, provides more definitive direction.

Here are some key points based on recent analysis:

Trend and Structure:

Bitcoin appears to be holding a bullish market structure, with no clear signs of a trend reversal on the daily chart. This suggests that despite short-term fluctuations, the overall trend might still be upward.

Price Volatility:

There has been considerable volatility, with Bitcoin testing resistance around $101k. The upcoming daily close could be crucial in determining the next move, as current price action is described as noisy.

Technical Indicators:

On a 4-hour chart, Bitcoin showed a bounce back after testing a systematic trend from $68k to $108k, with a clean RSI divergence indicating a potential continuation of the bounce. There's also mention of a bullish outside bar at a key daily demand level, suggesting potential for further upward movement if this support holds.

Market Sentiment:

There's a mixed sentiment with some analysts pointing out a possible relief rally, but with rejections at higher levels indicating caution. Bitcoin's dominance had a big reversal, which might lead to a bearish retest, potentially affecting altcoins' performance.

In summary, while the long-term trend for Bitcoin seems bullish, the immediate term is characterized by volatility, making the next daily close an important event to watch for clearer directional signals.

Not Financial Advice, DYOR!!