BTCUSD in a consolidation phase!

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BTCUSD in a consolidation phase!Bitcoin all time history indexINDEX:BTCUSDnaumankqBTCUSD is moving in a range between 104K- 107K approximately. It is well above bull market support band and could get some correction before another rally. BTCUSD Longs on a weekly time frame are going down which means that chances of BTCUSDT going up are good. Currently BTCUSD Longs are on a support level and I'd wait till it breaks the level of 46372. USDT.D is overall in a bearish trend but retracing a little bit. A bullish divergence was formed but later a hidden bearish divergence also formed. So now we should wait till it confirms its bearish trend again. BTCUSD once it gets a little bit of further correction by looking at BTCUSD Longs and USDT.D charts analysis, and retraces to a fib level of 0.5 at 102615, I would enter in a long position with half of the risk and once it retraces back to 0.618 at 100452, I would enter in a long position with rest of the half for DCA. Initial target levels would be based on trend based fib-extension levels of 0.786 at 119049.