FollowTheCoin

BTC bull market continuation

Long
BNC:BLX   Bitcoin Liquid Index
We can see massive resistance from previous bull run retrace that put up massive resistance at ~71K. That happened to coincide with 2 trend lines above the middle trendline. This was followed by a retrace two trend lines below the middle, followed by a correction to one above the mid trend line and another correction downward to one below the middle trend line. Bull market should still be intact since we are yet to make lower lows. Once the 71K resistance is broken the next trend line is hovering around 90K. I think we will hover near 55K-65K again then have an outbreak above previous resistance for another rally. Each trend line is a good signal to sell off a portion of holdings. Anything above the 2nd trend line from the top is danger zone (150-160K).
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