On the 4h and on the Daily TF, Bitcoin has shown its muscles: the demand has managed to pierce the resistance of the 7400, previous high.
This triggered some turbulence: the Open Interest recorded a drop caused by the chain of stops and liquidations that gave a further push, up to the next resistance: the area between 7600 and 8000.

This is the main obstacle, beyond which the Bias for me flips in Bullish.
The recovery of the 7600 would already be a nice sign in itself: being the high range of the previous minimum, it would actually complete a Low Reclaim.

I focus the observation on the 8000 because it is the upper roof of an area where many resistances are concentrated, the largest of which is 8k itself, the point of origin of the dump.

Returning to the present, it is now necessary to confirm the validity of this pump: it must not be reabsorbed and close with a failure swing or a false break.
The ideal would be to close above 7.6k today and recover 8 in the coming days.
So yes, we could start considering LONG setups.

Closure D below 7.3 is the Bearish scenario.