What a volatile day it was yesterday π₯ Once again I'm glad to repeat that this move confirmed the reversal from correction. It doesn't yet mean that BTC will fly to 100k straight away (nothing grows without corrections), but that certainly means that we may expect to see that "dead cat bounce" to 47-50k we've been waiting for several months.
Before that BTC can pull back to 35k and lower to 33k as it has left CME gap there. While still close to it act like a magnet. But CME gaps never close on the following day - first market kills CME gap traders π that is what happened yesterday. While I don't want to short BTC on this reversal, I still feel pullback may happen first (stocks are pulling back already so crypto should follow)
Don't know how to use Futures chart now since it already been there at "dead cat bounce" target and spoiled all the TA π Will stick to spot. But I've studied cluster analysis and saw that there was no volume above 40k, so that long wick didn't mean much.