Let's try to imagine what $BTC can do in the next few days.
The trend on the weekly and daily charts is Bullish due to the fact that it has ascending tops and bottoms. As long as it does not break a validated bottom, the trend remains bullish.
Just because the market is rising does not mean you have to buy tops. The best times to buy are in regions of interest, especially if there are several confluences.
The primary trend is Bullish and the secondary trend is bearish. According to the analysis of #smc , the price will probably capture the stops that are positioned on the lower red line, heading towards the first Pink rectangle, which is a zone of interest (FVG). By tracing a Fibonacci retracement, we can see that this zone of interest has confluence with the Fibonacci golden zone. After this moment, it can return to a high and seek the historical top.
or he may want to look for the second Pink rectangle near the 70k region, which is also a zone of interest (FVG), and a larger consolidation may begin to form, leading to a distribution, where the market may begin to fall.
In short, if you are thinking of buying, the best region is the 85K region.
