Bitcoin - Sell in May and go away

BTCUSDT

This is pretty simple but logic movement. All market drive by algorithm and plan
תמונת-בזק
Impulse from top 69 to 42 and next Fib Trend Extension

At 0.618 level we came almost to 25314
Locally we should came and find a rejection at covid dump up-trend line.
Its hard to say about timing but if we take a look on macro in a world most likely we can see this uptrend move till end of April and
"sell in may and go away" cliche. Recession have an always lag around 2-4 months. We probably already in recession, but affect we will see later. Also DXY this time will be around 108-110
After September/October macro situation will start stabilise and we will see test 20-19K again like strong support zone.
Than few month in flat around 19-24K range again so more and more people build consensus about 10-12K for SURE.
And start climbing up slowly but surely.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.

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