Bitcoin: Van de Poppe Prefers Longs Over Shorts

Michaël van de Poppe states the Bitcoin picture remains unchanged on a quiet session, with volatility expected to return tomorrow. The trader remains unbullish until price flips $81,000 or sweeps the $79,000 low, after which a quick bounce would support positioning toward longs rather than shorts.

Price sits at $80,126 inside the Bollinger Bands with upper resistance at $81,390 and lower support at $79,635. The EMA50 at $81,299 and EMA200 at $81,812 continue to cap upside in a bearish structure, while neutral RSI at 41.03 and the MACD golden cross at -431.75 suggest any test of the upper band could meet resistance before a retracement toward the 50-EMA.