Technical analysis by Ian_Carsen about Symbol BTC on 4/23/2025

Last week I provided a less likely breakout up scenario--this is what occurred.My personal emotional feeling is absolutely disbelief -- cue the various emotional cycle charts. The speed of the advance (after relatively vicious decline)...The fact is, this is a rally with at least some staying power. If there is a significant retracement in the rally from the nearby resistances, we should at least expect a push to the large resistance. It the rally shoots relatively quickly to the big resistance, I would expect a significant retracement, but potentially thereafter new ATH.The trend is up at the moment, carefully-selected long opportunities are more attractive. Shorts are dangerous in a market such as this except at strong resistance.