We made a daily close above $76K on #BTC , which was exactly what we needed today to maintain the bulls' advantage. With a little more time above the green range, we will be ready to seek higher levels.

Asian bulls have been doing a great job in recent days, but I hope we start to see Western bulls doing the same. This way, we can aim for $79K still this week.

So far, prices have reacted as expected. Therefore, Thursday takes on greater importance, and coincidentally we will have relevant economic data on that day. This could serve as a catalyst for a good movement.

The thinking remains the same. The same play again. Keep the price below resistance while bears position aggressively at the worst point on the chart. Then, quickly rise, trap them at the new support, and push the price to higher levels.

Notice that the bears' liquidations in the last round were essential for the continuation of the uptrend, and it should not be different now.

Although some leverage is emerging at these levels, buyers in the spot market still seem to lead prices. Negative funding is confusing most participants, but clearly, the spot is outperforming perpetual contracts, which explains this scenario.

Keep the analysis simple. The green range on the chart is where we need to hold as support to aim for $80K. Below that, bulls lose the advantage.

We will probably see an improvement in sentiment regarding Iran in the coming weeks, which tends to facilitate movement for the bulls.

Higher remains the most likely scenario.