Weekly review and overall trading recommendations for BTC. BT | Я лох

Weekly review and overall trading recommendations for BTC.

BTC is now consolidating and is in a zone with a lot of buying power. We still haven't seen any technical signs of the beginning of a bear market. Also our analysis tells us that the price will rise in the long term. Therefore, we would recommend to make long trades around 47200-47700 and set take profits no higher than 50000. We believe that short trades are now more risky and we should stay away from them. We expect 1-2 more weeks of consolidation with possible short-term dips to 40000-42000.