BTC is believed to be correcting in 4th wave and will next move to complete wave 5 which will take us back above the upper trend line. Bears are expecting an ABCDE diagonal based on the long term trend lines and for BTC to collapse at the trend line. While that is a possibility it depends on the ABCDE count positioning and I see that count as complete when we pushed over the trend line earlier as being E of the count. Negative is BTC on daily candlesticks has drawn a hanging man which signals a trend reversal downward often. However, it frequently is a small reversal on hanging men and that I think is likely here as the 5 wave count is intact and the MACD and RSI are favorably positioning. I am staying long using stops to protect against the bears expecting a continuation of the bull trend.
Good Luck.
Good Luck.