Good morning, brothers. The market is currently still in a high volatility position, running around 72000. After a rise, there will definitely be some consolidation at high levels to accumulate positions.

The longer it stays, the denser the positions become, and the heavier the vehicle. Moreover, a high-level consolidation followed by a horizontal movement tends to lead to a decline; or a prolonged horizontal movement will eventually result in a drop. Now, the bulls have started to reduce their volume, and the plan is to reach for another peak to enter a short position, as this wave of increase has already risen by more than 6000 dollars.

After a rise, there will definitely be profit-takers selling off, and selling means there will be a demand for a pullback. When liquidity does not keep up, it will definitely need to retrace to accumulate positions. The plan is to enter again at the lower range of 70000-69500.