In the daily Chart we can see, that Bitcoin formed an very strong Bullish Engulfing Pattern. We also have a small supportline for the RSI. On the Hour Chart we have a crosshair where the 8EMA crossed the 50MA which is also a positive sign. And Bitcoin also managed to get over the 8500$ mark which is very positive. I closed my Short and opened an new Long Position. We should also keep an eye at those dates: 13.10: Bitwise ETF final decision 18.10: VanEck ETF final decision
These are just my thoughts, the information provided is not a financial advice.