BTC The price has risen above the 48,000 level, which is bullish. However, there are some chances that it won't be a simple pump for ATH.
If the price loses the support of 47,500, there is a high chance of going to 45,000 to test this level and bounce from there.
Our resistance is at 48900
Foreseeable scenario: As long as the resistance at 48900 holds, the bearish scenario will prevail.
Alternative scenario: exceeding 48900 would lead to an extension towards 51100
As usual, I enter the levels for intraday trading, they are short with the relative targets and stop losses.
15 minute chart:
Chart from tradingview.com
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