Bitcoin is near the local top and may correct shortly, possibly set up for a bull trap before V shape recover. Price target 42k.
Trade geschlossen: Stop wurde erreicht:
The decision point becomes the breakout point. As once said, in a bull trend, it is always better to follow the uptrend instead of timing the market for a potential pullback. Bitcoin reaches an all-time high as we all expected since 2018/2019. Here we are, follow the trend and take profit as you see fit. We are halfway through the cyclic journey. Stay calm, be disciplined, and have a game play ready for the unforeseeable volatility.
It is very close to a decision point very soon. Both are very likely, I would not short BTC at this position but will consider buy-in at 41k~42k.