Bitcoin: The Pullback and New Attempt

The price is forming another indecision candle at the key downtrend line. MACD histogram is going to support a downside movement. RSI reached the overbought zone, and it will be able to give a solid reversal signal.
In spite of a bullish signal from DMI, it will be logical if the price bounces from the downtrend line. The main target for sellers should be the support zone between 8000.00USD and the local uptrend line.

The price reversal from this zone and the upside movement to the downtrend line, it will allow us to expect a possible breakout. Of course, the buyers must be supported by strong fundamental reasons.

I can see more and more people dreaming about a new strong bullish trend with a new ATH. Well, it is not good when your active long positions push you to think only in one direction, ignoring the real situation in the market. The market doesn't care about your wishes. If Bitcoin is a really solid market with great potential, it will prove it. But if not, all your wishes won't push the price even to the local highs.
You must be realistic and follow the market signals but not your wishes.
Good luck!

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.