We are now facing a very strong resistance from the downward trend line. In addition, there is strong resistance around 7500. I think we have too little strength to overcome this resistance in the first attempt, so I expect to test 7000.
I always avoid jumping into positions during such increases, so I'm waiting for some correction.
this whole rally can collapse at level 5000 and below at any time due to weakening volume. In the long run I'm counting on testing the bottom around 3800.
Previous TA:
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objective achieved. We will see how the situation develops. It is possible that we will now see a slow decline near the bottom of the upturned line followed by a retest of the downward trend line from which BTC has often reflected recently (this red line). If not, we will fall lower breaking the upward trend lines around 5800-5600
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btc after a period of consolidation is starting to get ready again for a fall line attack around 7200. There is a small chance of 20% that we will break through and test the level of 8000 in the coming days. If we do not fall to around 5800-5400.