It has been a long time since I posted about btc . I honestly didnt see the need to post because the rally was obviously stronger than many people thought. Heck even I was socked by it. My last target was 9987$ but btc know how to drop the jaws of many.
This is where I stand today with btc .
Weekly looks strong, daily came close to weak at 7.4k. Monthly still a little and I think it will play an important role in the next few months.
I will continue to hold my trades till the daily shows some weakness, and as of now there is no clear target on the new high to be honest.
I have a lower price in mind based on the daily and it is 7.4K. first would be 8.9-9K should act as temporary support. As I have said before, I am no shorting this market. I just prefer to be on the side of the trend.
Good luck and trade with caution.