I'm not bearish, but something is off about this whole pump rally. I don't see the volume and price action developing. For some reason, this gives off a news-based, scammy pump vibe. A retracement towards $60k-$61k is absolutely necessary now; otherwise, sooner or later, we are inviting a huge crash. Pumps without pullbacks are not healthy. I do not recommend opening any new long positions.
