42K is the nearest target

Morning folks,

So BTC finally shows thrusting action and we hope that this is just a beginning. WE already mentioned potential bullish grabber on monthly chart that suggest return to the top. Now, we recent jump chances are higher to get it. Hopefully Fed statement doesn't hurt it too much. Besides, previous week has become the bullish reversal one.

Based on daily and 4H chart major resistance stands around 42-43K area, because this is the top border of consolidation after May collapse. Upside breakout could become the turning point in the trend. In shorter-term, we have AB-CD pattern with approx. the same target around 42K. In general we could start watching for the deep to buy. Now it seems that 36K area is suitable for this purpose. Hopefully, accumulation period is coming to an end and market keep going higher...