LIFUI. O. LOR $BTC #BITCOIN My Thoughts: Sell In May & Go Away?

In my opinion, the recent Bitcoin rally has brought in a lot of excitement, which is great. However, the bulls did not apply much pressure. As per my update yesterday, I believe a retest of the $41,000 area is in the works. However, I believe that a failure to hold that level would lead to furthr downside to near the January 2021 open at around $28,720. That in my opinion, would be a Sell In May & Go Away event.

Current resistance: March 2022 high.

I do not mind being wrong, but I do mind being unprepared. I believe it is important for traders to anticipate, prepare, and manage risk.

This trade idea is not financial advice. I am not a financial advisor of any kind.

Please do your own analysis, responsibly manage your risk, and stay safe.

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