Btc resting at the 100 weekly moving average, it's an uncommon support, last time it held the price was in 2016 and it seems to be holding the price well right now, risk reward favors longs, as long as $7700/$7780 is support, next weekly relevant resistance $9300

4h chart shows a reversal structure with bull divergence, the the curent low seems to be the first higher low, price is above the 21 ema and seems to be breaking the 50 ma, which is really positive, when it goes to $8330 will be a more solid signal that the next target is $8700 and potentially $9200/$9300 in the upcomming days.

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