BTC Tomorrow's Trading Strategy
This morning, Bitcoin closed with an increase of 0.41%. At the closing time, a structure was formed on the 6-hour chart. According to the rules, it is necessary to reduce positions. If the structure is valid, there will be a 6-day adjustment period. Regardless of whether this is an upward wave that started on April 9 or a B-wave rebound, there is a high probability of a pullback. The key point is that the structure has formed, and according to the rules, positions should be reduced!
Things always develop in the direction of least resistance; volatility is the way to expend the least energy. Just as there are rebounds after a significant drop, there will be adjustments after a significant rise. Because the energy expended in breaking through the trend from this bottom is too large, an appropriate adjustment will be beneficial for further increases in the market.