This has been a decent push from Bitcoin.

However, we need to pay attention to levels now more than ever.

We currently have $16bn in long liquidations down to $86k... that is a lot.

There is a high enough chance that the market makers will take it, so we have to entertain that outcome.

And in an ideal world, we want them to take it before we move too much higher, because there will always be a chance they will go back for it.

We have broken 96k which is a great start.

If we can get above $100k and the 50SMA then both downside scenarios are invalidated...

But the whole time we are below $100k, they are a possibility we have to entertain.

Either way though, higher is the main direction.

My advice is simple....

If you're holding, just continue, and dont be swayed by any retraces.

If you're buying, continue to DCA your high conviction bags for cheaper.

New highs are coming, but as with anything in this market...

It wont be an easy path there.