BTC UPDATE - NOT EXCITING BUT STILL OK

Hello, we had a rejection after the 4th attempt to break 12k level. As of now, all is still fine, not exiting for sure, but fine.
Indeed, at this level we have a bunch of supports, namely

- the lower ascending channel
- the red trendline that is working since May as support

Also, we can consider this as a retest of

- the 10k level
- the retracement area from

If this level holds, BTC will resume its growth.

There are not many buyers around, but I think it is due to the fact that many people are still waiting for the HUGE retracement they have been calling for months and they expect btc below 9k, maybe 8k.

BTC dominance still below 60 and in downward trend seems to certify that the overall sentiment is good.

If this has been the heavy retracement we have been waiting since March, I can say that has been smoother than expected.

I personally increased my positions in BTC in these days.