We have a strong trend line
to the 29800k USD ATH
. According to my Fibonacci work, our trend channel may carry BTC
to the 30k. In case of break down to the first trend line
, careful shorts with tight SL might be an option for me.
It is also should be remembered that the 4h graph includes some bearish
divergence signals. Possibly the 5th channel on BTC
is extending to the 30k. Then we may see both trend lines
break down and possible ABC
correction to 16500-19750.
Not financial advice.