@d12321 5 December 2023

Bitcoin today updated its annual high at $42,150. In total, since the beginning of the year, the growth has been a significant 150%. Over the past 24 hours, positions worth $326 million were liquidated, of which $190 million were shorts. Seven green weekly candles in a row have already been closed; historically, this was a signal for continued growth in the medium term, but local corrections certainly occurred. Moreover, even on the weekly chart, Bitcoin entered the overbought zone. It’s time for long-term traders to think about reducing risks and insuring profits.