The current four-hour sideways movement is quite evident. At this point, you should avoid overbuying, as the continuous upward movement shows signs of a bearish pullback or a confirmation of a bearish retracement. It’s very important to watch for a pullback action. As the saying goes, there’s no such thing as a market that only goes up and never down. Currently, Bitcoin is around 689; consider shorting it, with a light position, aiming for a drop to the 680-675 range.

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