in my latest post I described that we did not see a impulse yet for Bitcoin . Does that mean it can't go higher? No it does not mean that, It means that the probability of a move higher is low and if we move higher it will most likely be a messy move before it comes back down.
Sometimes it is just better to wait for the good set-ups instead of wasting time trading an instrument that does not move.
I like to see the previous low taken out before Bitcoin can make another attempt to move higher. I always trade IF=THEN and only what's best. Keep in mind that there are a lot of instruments out there and we don't have to chase a trade. If you like to trade Bitcoin , the approach remains the same and don't forget to manage it on the lower time frames till things start to really move again.
Have a nice weekend and in my weekly video, which I will record during the weekend, I will update Bitcoin as well.