This might not be a reason to worry as the price action is still strong. But beware. Watch your positions closely now. BTC does what it wants. The big boys came out of nowhere and shared that that is a good idea to sell partly and keep milking your positions as long as possible. They wont be here to tell ya when to get out if your timeframe is very short...
The risk is increasing on these levels. Adjust your stop losses if needed.
This is me having fun - Not a financial advice.
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Longs and shorts are getting closer too.
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Head & shoulders. Not talking about the shampoo.
Next substantial support is at 9.6k$. Watch your assets and be extra cautious with margin.
The recent BTC consololidation looks like a giant bear flag. If that turns true (Various retest are needed at 10.3k, 9.9k, 8.5k), we are on the way to a double bottom and/or even lower.
ADJUST YOUR SCENARIONS & PREPARE YOURSELF.