Bitcoin is expected to top this week, followed by a correction due to several factors : 1. Bollinger Bands on a monthly have indicated both a bottom and a potential top.
2. There's significant trendline resistance.
3. The release of CPI and PPI data this week is likely to impact its value.
4. Historical patterns suggest that since Nov 9, 2022, was a bottom, Nov 9, 2023, might similarly indicate a top.
We closed Bitcoin Longs at 35,000 and then shorted it at 37,000, Anticipating a 15% to 20% correction to begin within a week.
