Please view this in conjunction with the idea below. In the short term, I'm watching price action at the $58K key level. As we cannot presume on the markets, we must then observe to see what price action is telling us. Will we break out above previous highs, or sell to the $40Ks before bouncing above previous highs. I have linked the ideas below for your reference. After careful reconsideration, I believe we do have to study price action independently of what we think based on hype, opinions and such. This is for study purposes.
