Volatility and volume peak at turning points, I concur with whoever said such things. We're in a staid market caught in a range and the surge was a reflection of the prior sell. Now once again we sell from previously seen peaks.
Now small corrections and recoveries are happening and it is possible to take profits. But for someone who is holding for the long term they will never want to check the market all the time. I try to find small profits at the current price and always sell at a certain percentage on the next move up. This is interesting to me because every time bitcoin goes up, there is a little profit that I can make, especially over the last few days.
Fair objective now is for us to fall back to the weekly average, exactly where we are at this very hour. However I will remain bullish overall so long as we are both above the 50 day average and that average continues rising, its a bit flat but a rise here or near there is quite possible.
If in doubt we rinse, repeat till this whole area of price range is washed clean of temporary trades.
I observed and it almost happened in a certain period, the weekly average continues to be in good condition because the correction never touched the lowest price. Optimistic that there will be an increase above $ 70k again in the near future but maybe not for this month period because I believe the price is not far from the current range.
Temporary trading with weekly accumulation will give small profits and this is the best opportunity if someone wants to play temporary trading to get profit.