Which chart do we reference? Do we reference the one on the left showing us the log scale, or the one on the right using non-log scale? We get 2 different scenarios with each chart. Let me make the case for each.
Log scale: Bearish
We have BTC crossing this trendline, then coming back out. (I have seen other chart where you force the trendline up above, but really it crossed through)
RSI is moving back down which would indicate a move to the downside will continue.
MACD looks to cross.
Non-log scale: Bullish.
BTC has clearly broken this wedge and is just retesting this 7.5k area for a continuation move up to the top of the channel
RSI is hitting this large trendline for a push up. No divergence is showing.
All though MACD is looking to cross, we have had it sloping upwards and it's in positive territory.
Which way do you think we are going? Bull or Bear?
-Sherem
Log scale: Bearish
We have BTC crossing this trendline, then coming back out. (I have seen other chart where you force the trendline up above, but really it crossed through)
RSI is moving back down which would indicate a move to the downside will continue.
MACD looks to cross.
Non-log scale: Bullish.
BTC has clearly broken this wedge and is just retesting this 7.5k area for a continuation move up to the top of the channel
RSI is hitting this large trendline for a push up. No divergence is showing.
All though MACD is looking to cross, we have had it sloping upwards and it's in positive territory.
Which way do you think we are going? Bull or Bear?
-Sherem
Nota
and please remember to like my analysis if this helps! ThanksNota
Something to be mindful of here folks. In my opinion, the longer this 7.3k-7.5k area holds, the longer I think the case is going to turn out bullish and we could go to 10k. Check out this DAILY RSI. It's made it half way down to oversold territory, yet we aren't getting a substantial move down to go with it. You could also argue that RSI just broke it's up trend line and it's inevitable that is' going to go down. We'll have to see what it does here!Nota
More extensive update: 
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.