BTCUSD Breaking Bearish Trendline

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Perspective: We've been in a primary bearish trend since late 2021. That trend appears to be breaking now. But that doesn't necessarily mean it's an instant bull market. There could be significant sideways chop for a while.

**Weekly**
Massive divergence on weekly MACD playing out.
Textbook histogram islands have developed. Bullish PA might push this over the top.


**Daily**
BTC Breaking Bearish Trendline on Daily for first time since late last year.
Awaiting candle close confirmation at 8:00PM EST


**4h**
Whether we judge from the candle body or the wick, we're breaking through local resistance.

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for the short term,
bearish edge on the hourly MACD

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*10/7/22 Update*
We're back testing the trendline.