Technical analysis by JKReddyLin about Symbol BTC: Buy recommendation (12/20/2024)

Key Observations:- Weekly candles forming higher highs and higher lows, indicating a bullish trend.- Currently testing weekly bottom support.- However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.Dilemma:- Should we buy now, given the bullish weekly trend?- OR wait for daily EMA reversal off weekly EMA?Watchout:- for a break of the previous week's low may provide clarity.- Alternatively, if the price holds above the previous low, to rally to 104k.Trading Idea:- Consider playing the 94k-104k range for a potential bounce.- Alternatively, wait for a daily EMA reversal before entering a long position.What are your thoughts?