The bulls are making a push to confirm the bull flag. We've currently confirmed EMA12 support, but the bulls need to make a push higher to break resistance at $9,388. Otherwise, we remain range-bound. The likelihood of a bull break is now higher than a bear break, but we've all seen significant pushes down in short time-frames, so we need to stay cautious. If making a short-term trade, it is best to wait until we get clear direction once this range is broken. A bear break will lead us into healthy daily consolidation. A bull break could potentially take us through major resistance at $10,000. Both scenarios keep us long-term bullish for the time being.
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