#BTC

As every week, let's start the analysis with a long-term view (Weekly), accompanied by Ichimoku to see more clearly.

Well, it doesn't look very good...

As you can see, the price managed to break down its Tenkan, with the addition of an RSI trying to print a big M and a MACD turning negative for the first time since early October 2023.

Yes, Price Action and momentum oscillators show us that buyers have exited the scene, and it's now the sellers who are leading the dance.

But DON'T PANIC!

Because even if the price retests its Kijun around $54,500, it's not a big deal because the trend remains very strong, and it's even healthy for Bitcoin because it continues to shake out small investors to then enter the second phase of the Bull Run (the most volatile and exponential / Climax Run).

So personally, I'm not selling anything at the moment, and I continue to buy cryptos when I have liquidity. However, I'm not making LONG trades in Swing trading and Day trading because I haven't felt confident for the past 3 weeks, which is not a bad thing considering the price.

But I always keep in mind that it's just a pause because the fundamentals have never been stronger, so in any case, institutions and individuals will continue to buy cryptocurrencies massively because it's the future.

Don't forget the power of supply and demand.

Summary:

1. Investment: I'm not selling anything, and I continue to buy.

2. Trading: I'm not SHORTing, I'm not going LONG in the medium/long term, but I continue to make small scalps while waiting for the trend to return.

Patience is key!

#bitcoinhalving