I haven't uploaded an update on my last post because basically the $BTC hasn't done much to be honest.

We are still at #1D (image 1) in a rather dangerous area with a possible double top formation and a divergence that hasn't been invalidated, the only good thing about this time frame is the lack of strength on the part of the ADX.

On the other hand, at #4H (image 2) we will see more closely that resistance zone at 69000, in addition to seeing the formation of the double top. The best thing that could happen with the price action of BTC if it doesn't get above 69000, is that Bitcoin stays in the 66200-69000 area consolidating while selling pressure decreases.

For me, the 65,200 price zone is key, as I have mentioned. If Bitcoin falls below that zone in a sustained manner, we will see BTC below 60,000 or lower.

For my part, the only precaution I took was to reduce the size of my contracts to have more liquidity, so that if everything goes well and prices start to rise, I buy back and that's it. I don't have any realized losses yet because I'm not going for the short term, that is, I'm willing to keep my perpetual contracts open as long as necessary.

You can look for short-term trades, but for that you would need to use a lot of leverage and keep your eyes glued to the chart. I prefer to take it easy.

We have to keep an eye on this week's news and be prepared..