Quote from: Saint-loup on Today at 06:32:47 PM

Quote from: lombok on Today at 01:16:50 PM

When the EMA 200 was broken and the trend changed, I also don't dare say that now we are still in a bearish phase. Apart from discussing support and resistance with TA, Bitcoin's fundamentals have also improved recently, Fomo halving and ETFs have made investors and retail feel confident that BTC will continue to rise. So regarding the OP who stated the double top has been refuted because Bitcoin experienced a rebound to $38K a few days ago. This is very dangerous if we go against the flow, especially with Bitcoin's fundamentals which have been good recently.

You should be careful about that bro, because as you say price is currently drive by good fundamentals, especially by the ETF pending approval by the SEC. But how the market will react once it will happen? Seasoned traders buy the rumors and sell the news, so we are likely to undergo a dip when the first Bitcoin spot ETF will get accepted even if it's before the halving. So I don't think it's time to buy more BTC currently.

DCA is still good just for an assurance to accumulate more right before bitcoin reach above 40K level. You’re right that this current bullish trend might collapse anytime but I believe the price will still recover at some point since there’s halving next year which is one of bearer of positivity in Bitcoin.

You can still benefit on buying now if you will just hold still no matter what will be the next price movement of Bitcoin in the following days. I believe that SEC will just delay the announcement as much as possible instead of declining or approving any ETF since they already lose one case recently about declining an ETF approval.