Zoom out for goodness sake.

Just look at the weekly chart.

Inversion level (my own term) is a level where once it breaks through it tens to stay there for a while and takes more than a couple of attempts to break through. So my bias is short until we get a decent break and a successful retest.

Imagine this as a 15m chart.

What would you think of it?

You would be looking to sell, so why do people feel bullish?

FOMO, that's why. I had a guy comment that we are getting higher highs and higher lows, and on a 1H timeframe he is correct. But on the larger (and more significant) timeframes we are seeing a retest of the upside, and that needs to conclude and break through and then retest successfully as support before we can switch bias.

ZOOM OUT!

Also check out the CoT at the bottom, which shows what the leveraged funds are doing. These people know you and they are selling it to you RIGHT NOW. You think these people are wrong? They are the ones that make consistent money.

in a 15m chart when you see price rising and volume falling, what does that mean to you?

I am still long on my original DCA. I sold some of it to replace it at lower levels, and if the Crypto Twitter mob get too excited I'll sell some more of it around $32.5k

I expect another visit to at least the mid point of the consolidation. Happy to replace my sales in the bottom half somewhere.

If you want to go long here, consider your risk-reward ratio first.

We are bullish of BTC, just not from here and now.