Short Bitcoin (short-term)
Bitcoin is near the local top and may correct shortly, possibly set up for a bull trap before V shape recover. Price target 42k.
Catatan
The other option is to move directly to ++53k, in which case the bull case continues. This will need RSI to significantly pops up...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.
Trading ditutup: stop tercapai
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.
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