Bitcoin is moving up from $58,000 as expected in our last analysis.

1. Late bulls have been taken out.

2. We have lost the H4 200EMA and high volume node area. Price is expected to slightly exceed this area, but this is a resistance area and I will take profits here.

3. OI fell 20% down in a small 6% move. A lot of late bulls have been washed out, but we need to be wary of those who enter the market again.

It is not the time to short yet, but taking profits in the above mentioned areas is the best course of action at this time.