BTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull market is back in full swing. Until we flip these lines do not enter long positions with high leverage. Because we could move sideways for a couple days and then move to the .5-.618 fib levels. 51k and 43k should hold as support. Until these 2 lines are flipped I think it is best to remain neutral. Do not give in to FOMO. You can still get a great entry when bull market is confirmed.
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