This is my perspective of the chart and not financial advice.

As the title says - from my perspective BTC has formed a base and is beginning to show early signs of momentum forming. This comes at the heel of new ATH in the indexes.

If you've ever read "Confessions of a Stock Operator", you've seen this story before.

From my perspective: The risk reward is favorable for a reversion as the "tide" rises with the indexes. The trend is your friend - and a good friend - no need to fight it. Personally - I would say the trend in the time frame you can afford is your friend.

Notice the chart is a DAILY chart.
These are my notes for this trade, for myself.
Risk to reward 3:1. Stop loss is the recent low, take profit is the recent high.
Edge: Buy at Support - Sell at Resistance.

Be well. In the love and in the light of the one infinite creator!