Many write in private messages, what will happen with #BTC , what to do with positions, so I do a brief analysis, I closed my short position at 53,000
Regarding Bitcoin, we continue to observe the downward structure.
The local exit from the mini-flat occurred downwards, so any correction movement up to 58,500 can serve as an opportunity to find an entry point to continue the decline.
However, do not forget that on September 5 there was an impulse downward candle, and if suddenly it is completely absorbed in the opposite direction and the daily candle closes with a body above 58,500, then only in this case will I consider long.
📌 Let's summarize! For myself, I see a short up to 55-52 thousand dollars. I will consider long if the price consolidates above 58,500 and begins to trade above this mark.
