Back near 68k again. The bullish scenario is to range between 68k-73k, then break out and aim for 80k. If we dump back to 63k in the next couple of days and the range shifts lower to 63k-68k, that's a pretty bearish signal. Previously, I longed twice around 68k because it's close to the previous cycle's ATH, but then we dropped below 60k in a day. If we manage to bounce back to 68k, I'm definitely taking profits. It's totally normal for price to chop around here for a week or two.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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