$BTC / $USD [4H]
So what happened here? Price shortly went to a new ATH, swept the high an went down. The way price is creeping back up right now is not very convincing for the bulls, why? It looks like a typical preparation for a big bearish candle. I'm still eye'ing 110k minimum as a bearish target.
Now the less likely scenario is that we can continue to go up, however it's less likely simply because we have yet to see a decent pull-back after all the bullish strength. Since $ETH is also in-line for a pull-back, it is hence more to see #BTC follow, or make the first move.
If you are holding long-term, HOLD. If you are scalping, then just be careful with shorts and longs. Long once we have had a confident pull-back I would say.
Take care!
