$BTC VIP AnalysisMayo 5, 2021
--------------------
BIAS:
Mid-Term: Bullish
Short-Term: Bullish
--------------------
BTC chop is currently ridiculous, giving absolutely no respect for support or resistance levels. In the past 7 days we've seen 2 fake-outs above $57,520 and one fake-down below $54,750 which have absolutely hurt both FOMO bears and bulls.
Now we’ve broken above $54,750 once again and we're retesting our POC (Point of Control) of $57,520 once again. If this level is rejected, and acts as an intraday resistance, we'll very likely see another $52,500 retest. If we decisively break above this time, we'll be heading straight to $62,000 and very likely to a new ATH.
Up Probability: 59% - Down: 41%
--------------------
