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Bitcoin is moving very steadily this wave, after breaking through the 81,300 high point and releasing emotions, now stuck around 80,800, grinding sideways.
On the order book, buyers haven't dared to enter aggressively, and sellers haven't broken through to absorb the orders, so both bulls and bears are watching and tugging.
I mentioned before not to chase longs at high levels, and now it has indeed entered a volatile and frustrating phase.
Next, the focus is on the support at 80,500; if it holds, there’s room for another push, if not, a pullback to find support is necessary.
In such times, rushing to enter the market isn't beneficial; it's better to wait until the trend becomes clearer before taking action, calmly taking profits that you understand. #BTC