BTC is the local top in?

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Reasons to be bearish here

- 5 impulsive waves up
- Rising wedge
- Declining volume

- Daily bearish divergence

- Weekly resistance

- Rising wedge

We saw a perfect reaction from the 3.618 fibonacci extension
The 4.236 extension is often the so called 'wave ender'. Touching this and giving a bearish reaction will give a short oppurtunity
In my opinion a great place for a good R/R short if we get some confirmation here.

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ملاحظة

Ping
Touched the fib
Will open a short here if 1h/4h closes as SFP as a hedge to my spot longs