Bitcoin - Be cautious!

Hold your beers crypto pioneers,

Bitcoin is reaching the 6000$ price level, and I don't think it is going to go much higher, maybe 6200$ at best.

I suggest to take our profit from the bull run until here, because I have a bad pressentiment.

You see, people with huge order sizes like to dump the coin when crypto enthusiasts start FOMOing. I dread this might happen at this point of the rally.

Furthermore, if we look at the chart, since december we have seen higher lows, and a 100% increase that is in my opinion, not sustainable.

What I would like to see is a continuation of the bottom points A and B - and a triple bottom on the 4200$ previous resistance that has to become a solid support.

And only then, by late of the summer, we will be able to say "the rocket is loaded".

The 4H chart is also bearish, with signs of resistance : huge candle wicks indicating that bears and bulls are fighting and that another breakout is following.
Also, on the RSI, a bearish divergence is being created just when I am writing this.


Thanks for reading.

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