BTC has upside chances until it holds above 81K area

Morning folks,

So, picture barely has changes since our last discussion. Right now we do not see any ready-to-trade setups. But suggest some bullish support to the market. After major XOP target has been reached - BTC has not dropped but remains in tight consolidation. This is more a bullish sign.

In general, we could suggest here a kind of reverse H&S shape. It makes us think that until BTC price is above ~ 81K area, it keeps chances on upside breakout. Drop below 81K will lead BTC back to the previous lows.

So, if you would like to buy - try to do this as closer to the lows of consolidation as possible. We consider no shorts by far.