BTC is his own boss. No one can prescribe him what to do. So, following standard TA, my analysis points in the direction of $4600 first before any "reversal" will likely be considered plausible.
We've have confluence of the long term trendline as well as 4 weeks of testing the $4600 range. Yes, there are some higher prices ( > 4600 and < 5000) within this area but looking at the weekly chart these prices are making up the wicks of the weekly candles. I prefer to use candle bodies' OPEN and CLOSE prices when applying PA.
Short term bias = SHORT Long term bias = LONG
Not financial advise. For educational purposes only
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