Up to 8000 and a little higher, we remain in a bearish trend. You can talk about the reversal of bitcoin only when we go above this level.
I still have the option that after this bull trap we will go even lower We have storng level 6400-6800 if we break down this level And there will be a panic and the big player will gain a position
Chinese New Year from January 25 to February 10, which traditionally does not contribute to price increases.
And to your note - we do not know the future and where the price will go. But you should always have options for all scenarios.
Nice view. Here is my view two weeks ago. Suggesting a short-term rally to $8000-$8500 area. After which we could possibly see a sell-off to $5500 area to complete the corrective cycle.