Bitcoin: Reached Resistance And What Happens Next

Bitcoin reached the resistance area and got rejected from the 38.2 Fibonacci retracement. But on the short term chart, a five wave advance from the April 29 low suggests the market is still trying to go higher. In this video I explain how to manage a bullish setup within a larger bearish pattern, show you the exact Fibonacci support zone to watch this week, and walk through the CME gap, the 21 week EMA, and the 2022 comparison.

Basic Timestamps:
00:00 Bitcoin Rejected From Resistance But A Setup Is Forming
03:13 How To Be Bullish Short Term In A Bearish Market
06:26 Five Waves Up From April 29 And The Key Invalidation Point
10:02 CME Gap Half Closed And The 2022 EMA Comparison
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