Bitcoin's Struggles Ahead

Short story only today, in bullet points:

• Four attempts to break the 40k failed, buyers noticed strong support and started to overbid each other.
  
• Local reversal activated with the last green dildo.
  
• Minor local resistance at 43.5k, shouldn't be a biggy to grind through, but could mean lower prices if bulls are rejected.
  
• Major confluence area at around 45k, where a strong resistance, strong downtrend and 200MA (not shown) come together.
  
• It's likely that bitcoin will trade lower and that buyers aren't pressured to break the resistance. Yet.
  
• Long position might be considered after 45k is broken. Bigger risk appetites might consider longing beyond 43.5 (mind your RRR).
  
• Short position (usually a bad idea with crypto) might be considered from 45k
  
• Not financial advice, duh.
  

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