Bitcoin Daily Short-Term Update

Going a bit deeper, 1H TF, let's see what BTCUSD has to say.

A few hours ago we can see a clear break of EMA10, EMA21 and EMA50 as resistance with good volume.

Even though though we have good volume on the next 4 consecutive red candles, BTCUSD remains above EMA10 and the other emas, signaling that the bulls are doing it but slow.

The red marked space is the main short-term support.

As long as we stay above this level, we can expect additional growth.

This is a short-term analysis.
Things can change fast.
I will be giving you more updates as the charts continue to evolve.

Happy New Year 2022!

Thanks a lot for your continued support.

Namaste.