Bitcoin showing some strength here.

For the first time since $116k Bitcoin has broken above it's previous LTF range.

With a strong push above the 50sma.

We can see here that since $116k, every time Bitcoin tried to push back into an upper range, it got rejected and make new lows after.

This time, however, it has finally pushed higher.

Of course, this is simply LTF put these are the sort of things you can watch for when it comes to understanding the nature of trend reversals.

What we want to see now is a daily close above $89k, confirming the break of trend.

You know my overall thoughts very well by now gang...

But moving higher after a drop like that is intricate and can take time, so we observe the signs and move accordingly.

Let's see how the daily close goes!