But don't enter now, we have to wait a signal
Try to catch correction
And after that price can go higher to 9000
Here is my vision. - we had 3 strong bullish candles at Nov 25, Dec 18 and Jan 3 against a lot of weak bearish candles. I think bulls begin to dominate - price is in flat range. - btc still needs correction after downtrend since Oct 26 - on 1W chart we can see the beginning of the inverse H&S formation
i'm excepting price correction after touching blue support zone
After every strong move the price was in flat zone before the next one. So i will try to trade in 6600..7600 range.
that we have: The try to broke resistance line at 545 was failed. Local up trend was broken. Expecting falling, maybe with retesting of the trend line or forming H&S pattern
The RSI still overbought. I think BTC will have upward correction and continue downtrend. So you can try to make profit in flat zone.
The price falls according to the old scenario.
The same accumulation stage as it was earlier