The main thing you should know right now is that #BTC wants to dump, it feels really heavy! The only reason why it's still above $39k is #ETH pre-rally. Now let's consider two outcomes: bullish and bearish.
1. Bullish outcome: the price dips more, forming a higher low and bounces back before $35k - $37k zone. Why? Most of traders I know wait for this area to buy, so I guess that nobody will gift them this opportunity! After the bounce, Bitcoin will be ready to form a higher high.
2. Bearish outcome: Bitcoin dumps right to hell through all these fat orders in $35k - $37k zone! Not the best option for us, but it's considerable, as there's an opened CME gap below and the market mood is too euphoric.
I would wait for the dip to seek for a setup! The most obvious ones will look like $39700 - $37300 - $38000 for buys and $39700 - $34100 - $34800 for sells (note that this is just an example).
