Bitcoin chart

BTC getting interesting, we've got a head and shoulder pattern on the 4H hours lining up, typically this is a bearish signal but by looking at the number of Longs vs Shorts it's telling a different picture.

Bitcoin bounced straight off the .618 fib

For me, we are going sidelines still and not yet looking bullish, we can go down to 6k and even more, depending on the market, there is no potential at current volume to up and break the massive resistance, but we should be ready for both conditions, you can go short at 6900-7100$ with a stop loss at 7450$

And if you went long at our first call which was at 6100$ approximately then you made sweet 100%+ profits!

We will be analyzing bitcoin again after few hours and will let you know guys about this!

Best of luck 💸