Chart of the day

Bitcoin is testing the 69000 level again after a brief pullback. A break above this level and 73000 is required for a continuation higher. We still did not see a bigger correction and it would be advisable to stay away from the long trades here.

Only in the case of a break above 73000, we can expect an upside continuation and an extension higher in a third wave still. A rejection here and a break below 69000 again will lead to a deeper pullback and a test of 58000. Look for the short-swing trades here or wait for the buying opportunities near 58000.

_{You can open a short trade entry here or upon a break below 67500 with a stop loss just above 73000. Long trades you can open upon a confirmed break above 73200.}