The last time we had bearish divergence, BTC dropped quite well, and we can't say that there will be a huge dip again, (manipulation can happen, and neither of us can predict that). Two entries I am looking at is 45.2k and 46k.
It never retested the marked support zone which can possibly happen, and it should, as it will be healthy for a upwards movement.
If BTC pushes above 50k than this will be invalidated.
The ETF approval was postponed from the SEC which is neither bad or good, however, ETFs being approved are going to work as catalyst if we need a new ATH in BTC, and if they are not approved, we can see further drops, with lower lows and lower highs.
The plan right now is to use tight SL if you open any new positions, and put SL in profit zones with your existing positions.
It never retested the marked support zone which can possibly happen, and it should, as it will be healthy for a upwards movement.
If BTC pushes above 50k than this will be invalidated.
The ETF approval was postponed from the SEC which is neither bad or good, however, ETFs being approved are going to work as catalyst if we need a new ATH in BTC, and if they are not approved, we can see further drops, with lower lows and lower highs.
The plan right now is to use tight SL if you open any new positions, and put SL in profit zones with your existing positions.