Summary

I always advise caution before any trade, but now more then usual. We're on unsteady territory, always ladder your buys/sells, never go all in!

BTC price when posting: $8,452k
Long term scenario(over 6 months) - Bullish (over $30k)
Short term scenario(1-2 days) - Neutral
Medium term: Bearish

Analysis starts right after the powerful spikes we had on 18th and 19th which is now correcting with a normal ABC (in white) before bouncing to at least 9.1k. For this bounce i'm not assuming a 1:1 extension as there is major resistance (blue line) which i'm not convinced we're going to break without another correction.

At this point i'm assuming C to correct to at least the 0.382 Fib ( around 7,900 - 8200 )before bouncing up.

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