Price action looks unsure, nothing clear yet.
We have those similarities with consolidation period last year when we managed to squeeze the price for the "second top". Structure looks same, with broke wedge and touching lows with visible divergence on RSI which was at exactly same levels at the bottom and top.
It had nothing in common with breaking from the accumulation range and if this time it will keep looking the same, so yes, huge squeeze is possble even above 25 k imo, but rather wont be a start of another bull run, not yet.
Month is ending and that's why we can have some important price action including closing CME futures on the last friday if the week and expiration date on monday 3th of October.
If the price will hit new lows on that second day but wont colapse than it would trigger a long signal for me. Second one will be breaking red trend line.
We have those similarities with consolidation period last year when we managed to squeeze the price for the "second top". Structure looks same, with broke wedge and touching lows with visible divergence on RSI which was at exactly same levels at the bottom and top.
It had nothing in common with breaking from the accumulation range and if this time it will keep looking the same, so yes, huge squeeze is possble even above 25 k imo, but rather wont be a start of another bull run, not yet.
Month is ending and that's why we can have some important price action including closing CME futures on the last friday if the week and expiration date on monday 3th of October.
If the price will hit new lows on that second day but wont colapse than it would trigger a long signal for me. Second one will be breaking red trend line.