It is not that reliable since it is just another lagging indicator (following the price with a delay) like anything else. Meanwhile (guess you missed it), if you notice we are about to get a death cross on the weekly for the first time in btc's entire price history. So, which one are you going to trust now ? Potential daily golden cross or the weekly red flag? Both are higher tfs and equally important.
Fundamentally speaking, we are getting inflation down slowly but the stronger rally will happen once fed decides to cut down on interest rates. 1st feb meeting is the decider for me now. Will decide which cross to trust on that day