Bitcoin is being rejected by 64000
Bitcoin is unable to break above the historical top 64850. We have a consolidation triangle forming with now visible breakout levels 64300 and 57950. A break above or below those levels with confirmation is required for the larger directional swing, higher or lower. As Bitcoin is now highly positively correlated with a stocks market, as we expect a correction in Indices we see this triangle as a consolidation temporary top.
Note: take at least 80% of the profit on your long positions if you have bought between 30000 and 40000 and look for a short trade entry with the protective stop orders above 642900
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