BTC’s crazy sprint in a multi-army run surged and broke through the 81,000 pressure line in one go. But a reversal signal has appeared—this is not bullish. Instead, there are top-reversal signals.
The hourly chart is still steadily rising in small steps. The medium- and long-term trend is still mainly upward—this is exactly why we kept calling for longs during the earlier massive upside. However, now there are signs that the short-term is about to pull back. The rally has been too aggressive and has exhausted its momentum. This condition is even more obvious on the daily chart: it’s essentially an upward acceleration line, with exhaustion plus a pressure line—so this pullback is inevitable.
Therefore, medium- and long-term long positions can be kept, and just wait for a clear reversal signal to get out (“in the meantime, wait for the change of conditions, when it’s time to stop and exit”). But for short-term users, remember: do not jump into a long position right now.
#btc $BTC $BTC
The hourly chart is still steadily rising in small steps. The medium- and long-term trend is still mainly upward—this is exactly why we kept calling for longs during the earlier massive upside. However, now there are signs that the short-term is about to pull back. The rally has been too aggressive and has exhausted its momentum. This condition is even more obvious on the daily chart: it’s essentially an upward acceleration line, with exhaustion plus a pressure line—so this pullback is inevitable.
Therefore, medium- and long-term long positions can be kept, and just wait for a clear reversal signal to get out (“in the meantime, wait for the change of conditions, when it’s time to stop and exit”). But for short-term users, remember: do not jump into a long position right now.
#btc $BTC $BTC
