Bitcoin Pulls Back, But Bullish Trends Remain Intact

A recent market analysis suggests that Bitcoin may be due for a pullback in the short term, but overall trends remain bullish.

The daily chart shows confirmed higher highs in BTC against lower highs on RSI, indicating bearish divergence. However, reversal confirmation is needed before attempting to short the market.

The weekly chart reveals that Bitcoin is well inside the Cloud in bullish consolidation, with a 30% chance of a bear flag being valid. The measured projection for this scenario is $50k, but this is considered an extreme conditional scenario.

Ethereum's weekly Close Short indicates a pullback to around $2,000, which could be seen as a buy-the-dip moment.