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Do you remember when in August we opened a short position when the price hit the all-time high for the first time? There were still smart people trying to argue and resist the 8-year trendline.
In fact, the condition known as the formation of an upward pattern has clearly ended and started to be rejected at the low price since the first round.
August-September-October prices are still stubborn, but they haven't broken through yet. Here, technically, something called distribution is starting to happen. You can follow and play along, but you need to know where the resistance level is.
Btc can easily reach an all-time high around 130k - 135k, and those who are preparing to sell and have placed orders are probably getting ready around this area. This is the last goodbye kiss for a rise to do what is commonly known as a Fakeout.
In this zone, be sure to manage risks well, as there is a high possibility of a full-stream dump.
I've warned you already, or are you still being stubborn?
#btc