In the short term, there's a potential for a bounce off the previous "short-term overbought" zone, which now serves as support—a textbook pattern.
From a longer-term perspective, my view remains unchanged.
Bitcoin : Stay heavy on positions (2x)
** This analysis is based solely on the quantification of crowd psychology.
It does not incorporate price action, trading volume, or macroeconomic indicators.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.