DEALERBTC My Thoughts: #BTC #BITCOIN $BTC CHOP ME BABY

In my opinion, selling pressure has diminished and price is likely to retest the current high at $45879. I believe price will most likely reject at the current high and come back down for more chop (rangebound sideways) or more potential downside. I think it is likely that price may exceed the current high for a sweep. However, I believe a move above $46,700 is required to say with more certainty that the bulls will push higher without further downside.

This trade idea is not financial advice. I am not a financial advisor of any kind. I am a degenerate gambler. Please do your own analysis, responsibly manage your risk, and stay safe.

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