Short term we can expect to see $10,700 Bitcoin however in medium term we are still highly bullish. Overall trend has not flipped bearish just yet and we're also just weeks into golden cross on daily time frame.
In term of whether you should place a long here or not, it's up to your risk preference. If you're looking for safer trade, we recommend to wait for bounce before entering any long positions, higher risk traders can enter low risk trades just around here with refill down to $10,700
We will be looking at SHORT positions only when this trend breaks or we develop new bearish pattern.
Keep in mind that this is only one of the patterns we have and displays only our point of view which is subject to change.