the most unreasonable and dangerous thing now is shorting this market ( even if the market will really fall ), even using a stop that may simply not work... the most reasonable is to accumulate this asset on spot exchanges and HODL
this is a quite possible scenario, considering an approaching halving, a small segment and the situation in the whole world
we have a bearish structure, with weakening momentum and strong resistance zone. short.
i would say 50/50
resistance ✔ berish structure ✔ berish pattern ( flag ) ✔ rsi divergence . ✔ = short . 📉
bearish strucrure ( gatley ) ✔ resistance zone ✔ overbought ✔ rsi divergence ✔ = short 📉
at the moment we have : strong resistance level ✔ bearish structure ✔ bearish pattern ( rising wedge ) ✔ = short 📉
each time there is some accumulation, after which the price begins to rebound. long
the price has reached the resistance zone and we need to monitor the price action here, I noted 2 expecting scenarios, but I’m more confident that the price will test 8300.