#BTCOutlook
The pullback isn't over yet, and even if $BTC moves higher, take a closer look at the chart. 99.6k retest is possible.
Still we can't exclude that BTC will touch 90k! So be carefull.
MACD is positive on 4h time frame.
RSI shows that it is possible to rise a little bit.
The market capital shows that money is outflowing and we reached a new low. See attached screenshoot.
For this reason, I’ve taken a small short position, and if the market moves slightly higher, I plan to increase my short.
If there’s another market crash, I want to be on the right side of the trade.
Still I'm convinced that altcoins with solid fundamentals are in a good price category. There is potential for gains in the coming months.
This isn’t meant to scare anyone, nor is it financial advice. Always Do Your Own Research (DYOR).
Feel free to share your thoughts, insights, and research in the comments so we can all grow together.
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