BTC: Bullish Weekly Trend, But Daily Chart Cautions

Key Observations:

- Weekly candles forming higher highs and higher lows, indicating a bullish trend.
- Currently testing weekly bottom support.
- However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.


Dilemma:

- Should we buy now, given the bullish weekly trend?
- OR wait for daily EMA reversal off weekly EMA?


Possible solution is to watchout:

- for a break of the previous week's low may provide clarity.
- Alternatively, if the price holds above the previous low, to rally to 104k.


Trading Idea:
- Consider playing the 94k-104k range for a potential bounce.
- Alternatively, wait for a daily EMA reversal before entering a long position.


What are your thoughts?