From the daily overview of BTC's price action, BTC has taken out a lower high which depicts a CHoCH (Change of Character).
From micro timeframes overview, we see BTC taking out highs as seen on the recent price action where BTC took out the high on 39250 and 40441. So, I'm still bullish on BTC and I believe this is only but a retracement for a bigger move.
Price action is currently approaching the support level on 38330 where a bullish OB is seated. The presence of imbalance validates this OB. I strongly believe we will see a reversal when BTC gets to the the 38330 support level
DISCLAIMER: This is only my view of price action not a financial advice!
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