Be aware of 8970$ target

Morning guys,

As we've discussed medium-term perspective yesterday, today we pay attention to minor thing, technical price action around major target.

Depsite that our AB=CD journey to 9K area mostly is done - BTC has not quite reached the target yet, as it stands at 8970$ area, but started upside action.

We want to warn you - if you consider long entry by some trading plan - be aware of this level. As a rule, markets very rare leave behind major targets. Despite minor upward action right now,
it is a big risk of return back and finalizing of AB=CD. On 4H chart we also have DiNapoli bearish grabber, that suggests drop below recent lows.

This is the only thing that we want to say today. So, if you plan to go long - place your initial stop either below 8970$, to not been washed out by final downside leg, or wait when target will be totally completed.