Easiest Bitcoin Trade Of The Year
In order to keep it simple and avoid in between, zoom out. If we close the weekly above the green line, BTC is likely headed to $10,000+ and possibly $11,000 swiftly. At the very least, bulls need to close the weekly above $9,200 or else this area is the local top.
Otherwise, this is simply another retest and we are likely to come back to support around $8,000 (at least). $7,700 would be an excellent buying opportunity if we get there.
Overall, I think we are and price will keep forming lower highs going into to the Halving in May/June. Until then, it is best sticking to high time frames to make the cleanest decisions.
Best of luck traders!