Drawing two downtrend lines from the high wicks and the high candle bodies creates an interesting zone which we are currently still in. Excluding the false breakout, we are clearly in a rising wedge.
One more break up to ~12200 seems likely, which will be a second false breakout, and trap a lot of bulls, as it will quickly reject with an initial target of the lower downtrend line, ultimate target being lower, perhaps 9k and below, but it's too soon to see that far out, all depends on how the sentiment develops and if tether keeps printing money.
One more break up to ~12200 seems likely, which will be a second false breakout, and trap a lot of bulls, as it will quickly reject with an initial target of the lower downtrend line, ultimate target being lower, perhaps 9k and below, but it's too soon to see that far out, all depends on how the sentiment develops and if tether keeps printing money.