BTC is approaching the extreme zone where we could face some resistance, but breaking it likely means new ATHs.
Don't be stupid by shorting an impulse. You should wait for a confirmation (if it comes) of specific levels being lost.
Trend remains up until proven otherwise.
#BTC
Since the November 2022 Bear Market Bottom...
Bitcoin has offered 4 retraces that were barely over -20% deep:
• -23% (February 2023)
• -21% (April/May 2023)
• -22% (July/September 2023)
• -21% (January 2023)
This current pullback may very well be only the 5th major retrace since the 2022 Bear Market Bottom
Bitcoin has pulled back -12% thus far
Don't squander this chance
Especially if we're lucky for it to retrace deeper than -20%
$BTC #Crypto #Bitcoin