Bitcoin has bounced exactly on the major trendline, there is no need to worry as long as the main trend remains intact, the only thing that could change my mind would be a close below 30K.
@ELLIOT0511, I still don't really see it on log chart unless you are referring to next cycle. I see that you have not posted a single bearish scenario for BTC, it's healthier to see the most bearish scenario as well as the most bullish.
MC_Capital_
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@qwerty123asd, yes of course, I have not yet posted bearish scenarios because I thought it was still not the time to go short, it would have been wise when we saw a bearish diverge on the weekly chart, I didn't believe there would be such a heavy correction ... anyway As mentioned in this idea I believe that 30k was the bottom, if the candle will close below the 30k I will start posting bearish ideas, but for the moment I think from here we can only go up.
qwerty123asd
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@ELLIOT0511, Ya I also think 30-32k will hold for the next few weeks. I think we might see a "dead cat bounce" to 44k and liquidate the overleveraged shorts at the beginning of next month after futures contracts expire. Not confident enough on this idea to long it though.