Everyone's Screaming Reversal on BTC. Here's Why I'm Not Buying Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PflipondipMy long term thoughts on $BTC. I can already see how every chat is shouting about a price reversal, everyone gets FOMO and blindly trades along with it. On the 1w chart I laid out my plan for BTC. First off I want to say we've already approached the VWAP (the 80k zone) that stretches from the ATH. At the moment we still haven't moved above the VWAP, we've only gotten a reaction. For myself I'm noting a scenario in which: BTC makes a move up and closes above 82859. That would mean a CHoCH on the 1w timeframe. A close specifically, not a sweep, and preferably higher, somewhere near 85-87k. BTC returns into the VWAP zone but from above this time. This is exactly where I'd want to see BTC and make my decision on potential trades or buys of BTC in a long term position. And one more thing as a sub point. The 87-90k zone has a fairly big volume that could potentially slow the move up a little, and the 87.2k point itself is acting as the VAH right now. So it's precisely from the VAH that I'd expect a pullback inside the value area (and that's where the VWAP will be too). This is only my opinion and the scenario I see. Until my conditions get met I won't be looking at the long term idea. Don't fall into FOMO and don't copy others' actions blindly 🤝