BTC quick update.

Hello folks, we finally have the daily close on #BTC at $44.3k, but the danger is not over yet. After yesterday's sudden bounce in BTC, the price took a pause close to $44.8k. This is the exact spot where in the past we had the shadows. If it is too good to be true, then BTC is likely to face rejection again. I would love to see Bitcoin breaking out all barriers and reaching higher levels, but I can't be biased. I am simply analyzing the best possible scenario and presenting it in front of you.
Here's my conclusion: in this 8-hour TF, BTC must break above the blue box to reach the initial $47k resistance and then continue its higher rally. Failing to do so will show rejection, with $43.4k serving as the initial support.

Note: Other timeframes may not show the same information as this chart. Therefore, it is advisable to analyze charts on different timeframes. This post is only for educational purposes.

Regards,
Dexter.