We can easily see that Bitcoin is consolidating. The 3 red zones are all potential reversal zones for the next movement up. If one breaks, we move onto the next one. Anybody going for longs can long a percentage at each red zone.
Another method is the inside bar trade .. looking at the daily chart we can see that if we break 6700 we can see further upwards movement. Therefore, longs can be triggered at 6720 with targets of 6.9k-7.1k.
Anybody wanting to short the market can wait for us to break 6420 and then you can short to the next red zone. This is how you trade Bitcoin.
Ignore all of the nonsense/noise that is being spread.
What happened last time we were at this price range? We got a bear trap and then we shot up from 6.7-8.1k in a day. I'm expecting something of the same sort to happen now.
This is not a market to go short in until we break 5.8k with conviction. Otherwise I will only be setting up long trades.
Use two leverage trading accounts, one to short on day trades and one to build a long position on.