BTC bull trend will continue till 10K
I expect the bull trend will continue for up to 7 more days till we reach 10K. At 10K we will have a mediocre correction. 10K is the psychological level and many people will take profit at that time.
After 10K price might fall to 8151 first . If 8151 does not hold it might fall to Fibonacci 0.5 : 7713. I do not expect a sharper correction because of the news.
Here is my trading advice:
Long at: 9300
Take profit at: 10000
Stop loss: 8450
When we reach 10K, I will post my new analysis.
It is very hard to say what will be the new ATH because of the fomo and CME news. But I observe 12K as the new psychological level.
I think big whales will pump the price till the end of week and there will be a major dump at Sunday morning.
Here is my updated advice:
Scenario 1: If you have taken profit. Wait for a possible re-entry point. Do not open a new position yet.
Scenario 2: If you have not taken profit yet. You can keep your position open till 12K and take profit.
Do not short Bitcoin at this point because that would be VERY risky.