BTC 42k wall, can it hold the 3rd test ?
Looks like it's going for the 3rd test for the 42k buy wall, if it holds, good chance for a bounce back to test the 45k resistance to see if it can break higher. It might still continue the bear flag breakout path towards 37300. There's also a possible wedge formation with some room for a wick below 42k stop, testing wedge bottom around 40480 zone and bounce.
-Open interest rising
-long/short position ratio, drop from 1.23 to 1.14
-China FUD
-Michael Saylor HODL confidence
-35.2% discount from last high