Impulse was to weak to break the 200 dma at $8500, there is risk to drop back to $7700

Still expecting another pull back and more accumulation around $7800 before breaking above $8400, the rsi still shows a hidden bear div. However I'm wrong if it gives a daily close above $8500, but I consider that very unlikely.

This is another probable scenario, $7450/$7600 to for a bull divergence on a daily scale in 3 indicators, and that should be the bottom.

Btc still holding well, I marked with white arrows which I consider to be accumulation bars (bull candles) and is also showing bull divergence on a daily scale, hard to say now if it will drop back to the $7800 before going up, this is a very similar situation when btc was locked in a tight range at $3400/$4100 and altcoins were going up, I'm expecting a break above $8500 probably in a few more days from now before de week ends or next week the latest.

100 weekly ma, is the support ($7789) however if using stop loss on a swing trade I would set it at least $300 lower. The next relevant resistance on a weekly scale I would say is $9800 right where the 2 white lines converge, but there are also another resistance at $8900 for who is trading smaller time frames.

I'm Using stellar/btc as an example but this is the case of many other altcoins, alt season is on its way, we can see weekly accumulation bars. Statistically stellar most likely to make its monster move around November

this is another example of accumulation bars that Bitcoin did early this year. Very tiny bars that always make higher lows, we can often see an inverted hammer with a long wick on the top during this period

btc breaking out the 21 ema on the 4 h chart, and doesn't have any bear divergence on smaller time frames, looks good for a breakout above $8500

btc update, reached $8800, got a rejection from the 200Dma, now what? In my opinion this drop is another buy opportunity, is just printing the first higher low after the daily bull divergence it made and will continue to go to $9k/$9.2k, I don't see a hidden bear divergence on a daily scale so no reason to make it lower than $7800. we already reached the top for this weekly candle but somewhere during the next wee is most likely to reach the $9000/$9200 area.

Btc 30 min chart shows a small accumulation zone with bullish divergence at$8300/8350 with target 1 $8490