Update - 8pm EST. Looking stronger this evening, bolstering the idea that 5920.70 might be a tradeable low.
The larger term swing has changed slightly from the previous post.
Earlier today:
Today's action, so far(5pm), indicates that a continued rise in price is likely. How much higher is unknown. The current price at 8568 area is right at a retracement level but having made a higher low today should make the low at 5920.70 good support. Looking for continued rally to higher retracement levels.
Use caution as the downtrend is still technically intact.
Strong upside move! Loving btc 8k and above. 6k resistance level scares me.
Good Morning