Daily chart: As we see, bitcoin continues to post new records not giving a damn to the systematic divergence of oscillator. There is a high probability of testing and break of the next round level $9000, from where bulls of course will strive to reach the mark of $10000.
H4-chart:
Local ADX stands in a relatively weak zone, that allows to count on pullback to the previously broken pivot-level 8130 (middle Bollinger band).
However the chart has attributes of “bullish flag” formation, that may drive to impulse upward movement without any pullback.
H1-chart:
The closest actual target for long-trades stands at the level of dynamic resistance 9171 (upper Bollinger band).
Let’s note potential zones, that can be used for long-trades. These are levels 8456 and 8130. Each of them may resume an upward wave.
Expectations:
Main scenario: Testing of the 8456 mark and following growth in direction 9171.
Alternative scenario: Deeper prior correction towards 8130 and then growth in direction 9171. Trading recommendations: