It's still this chart. Whether you are starting to short or starting to buy the dip, caution is needed...
Risk of shorting: This could be a structural replay of the past three touches of the trend line, meaning the price may start a new round of increases!
Risk of going long: If it breaks below the trend line, it will signify that the bullish trend that started at the end of 2022 has officially entered a period of consolidation...
There is no right or wrong in long or short; it is completely another critical decision point!
On a logarithmic scale, the upward trend line that started at the end of 2022 for BTC...
The last three price touches of this trend line have all been good buying opportunities...
As the saying goes, things come in threes, and the trend remains the same; we should see results in about two weeks...
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