#Bitcoin analysis from another angle.
We see EQH (equal highs) at $71300 in the 4H timeframe. We can briefly call EQH the liquidity area. When EQH occurs, the price does not move unless the liquidity of this zone is generally taken.
There is an Order Block in the 60K region. We can briefly call Order Blocks the demand-supply region. Here, Order Block works as a demand zone, thus acting as support. Look at the reversal when price touched down here with the 5th bearish wave before and tell me what's happening now isn't 100% similar...
Additionally, there is a positive divergence in the RSI indicator in the 4H time frame, which gives us the conclusion that an upward price movement should occur.
