Everyone is suddenly turning bullish while BTC 0.94% did not fully retrace yet to 6.9k to meet its play by the book. What we can observe is that we are closing to the end of the rising wedge which correlates which the 0.618 resistance.
If we look and the Long Term, BTC 0.94% did not fully retrace yet and that's one more indication that "6.9k is needed" in order to get a proper bull market. On top of that the volume has been consistently declining since the end of the short term uptrend at 9.6k.
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