BTC Approaching Macro Trendline

BTC had $6.4M in SHORT liquidations to squeeze the price action. Will this be a sustained breakout?

To start to become bullish, a break and confirmation above macro trend will need to occur.

This could be a false breakout in the short term.

Monitor the 1D MA50 as resistance also.

Then there is heavy cloud cover to overcome and there isn't even a green twist yet.

Good Luck.

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Monitoring for a Distribution top in this range in lower timeframes

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At Macro Trend again. 15min RSI is high, so for sure a cool down if not a large rejection.