$28.5k Resistance Flipped to Support on 4-Hour Chart We have been watching the DM VAH at $28.5k acting as our resistance over the past few days. However, on the 4-hour chart, we can now see a very clean resistance-to-support flip. This could make it tempting to take a short position at $29.5k, where we have the Q2 VAH. Or, even more tempting, at the psychological level of $30k. However, I have a few concerns about shorting here this week. First, on Monday, we saw a wick running to way over $30k. Often, the price gets drawn back to these wicks. Second, the market has been very bullish lately, and there is a lot of positive momentum. It is possible that the bulls could push the price through $30k and higher. Overall, I am cautious about shorting right now. I would rather wait for a clearer signal that the market is turning bearish. Here are some key points to consider: The DM VAH at $28.5k has flipped to support on the 4-hour chart. This could make it tempting to take a short position at $29.5k or $30k. However, there are a few concerns about shorting right now. First, the market has been very bullish lately, and there is a lot of positive momentum. Second, the price often gets drawn back to wicks, such as the one we saw on Monday.

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