Let’s take a look at the short term here on $BTC…

We can clearly see that price is being strongly held up by the 1H 20EMA here on the short term.

Price looks like it’s slowly losing some of its momentum from yesterday’s rally, but the bears have still not gained control.

If we see a strong bounce here from the 20EMA and a breakout above $87k, then don’t be surprised if price sees another strong move into $89k-$90k very quickly.

This rally definitely has a lot of momentum behind it, so I wouldn’t recommend trying to short for mean reversion until we see a definitive bearish shift.