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What I am seeing at the BTC price chart? The local uptrend continued and the price found resistance at the zone 27 of the last Fibonacci impulse.

Now we have the short signal at the 1h and potential short at 4h timeframe. But let's take a look at the global price targets on the 1D.

Now I want to give you an idea where you can execute long position for the Bitcoin in case if you missed the buying opportunity.

There are a lot of shorts on the Binance which is good sign for bulls, but I found that the longs or shorts excess is not the obligatory condition for

I had the nice long entry point, sitting at the small profit, but the market suddenly changed it's opinion.

Bitcoin is looking very strong and it looks like short trades is going to be liquidated again, that's why we are not in the short trade now.

There could be the nice opportunity to execute the long trade and wait at least the trendline retest. Let's see.

The BTC price broke the resistance and thus I suppose that the road to $52000 is unlocked.

According to some features I concluded that the Bitcoin now is in the huge redistribution phase.