BTC looks pretty bullish at the moment. The actual run might extend to maybe almost 10k (fib 1).
However, BTC is overbought on high timeframes and a steep correction is always in the cards.
By drawing some longterm trendlines (green os the overall bullish base trend, red is the bearish trend since feb18), tragets might be at fib .681 and .5 to stay clearly bullish.
If 10k breaks, next target would be at the extended fib targets. momentum should increase after 10k because of fomo.
Best strategy in my oppinion is currently to take chips from the table and wait for correction targets.
market is probably bullish after all. so avoid leverage shorts.
However, BTC is overbought on high timeframes and a steep correction is always in the cards.
By drawing some longterm trendlines (green os the overall bullish base trend, red is the bearish trend since feb18), tragets might be at fib .681 and .5 to stay clearly bullish.
If 10k breaks, next target would be at the extended fib targets. momentum should increase after 10k because of fomo.
Best strategy in my oppinion is currently to take chips from the table and wait for correction targets.
market is probably bullish after all. so avoid leverage shorts.