Bitcoin touched the resistance mentioned yesterday at 42,800 and experienced a retracement. Moving upwards, it faces resistance at the daily level resistance of 43,500.

It might be a good idea for long positions to take profits, but I don't recommend immediate shorting as the risk-reward ratio isn't favorable.

I have favorable entry points for long positions, so I'm willing to sacrifice some profit. I'll observe the price reaction around 42,300 before making any further moves. #BTC