BTCUSD: 1W bearish formation broke. Wait for the candle closing.

TP = 6,300 hit before today's extremely bullish fundamental spike broke every 1D bearish barrier on BTC and even crossed the 1W Lower High = 7,410.3 made in September. With a High so far at 7,704.20, the 1W candle has exceeded +20%, the strongest (though still early) since February. 1D is already overbought (STOCHRSI = 100.00, Williams = -12.030, CCI = 286.1593) and 1W on bullish Highs/Lows = 300.8578, ADX = 23.713, B/BP = 329.5094 since April. There is no trade suggestion at this point as Bitcoin is currently being traded on non-technical factors. Preferably we need to wait for the weekly closing to have a clear picture but the 1D will also give an early direction. Technically though since September's 1W Lower High = 7,410.3 broke, BTC has turned bullish. An update will come when a clearer pattern emerges.