BITCOIN: capped by 7200, likely to double-bottom within next 60d

Bitcoin has a healthy correction, but I still consider the W scenario is most likely. On the bull side we are capped by 7000-7200 characterized by the anchored VWAP stretching out from the last global high with only meager support from below. Give the full sensitivity of Bitcoin to the global market moves and risk factors including primarily COVID-19 and its economic effects, I am looking at double-bottom scenario as most likely with in-moment lows to be printed below 3000. There are plenty of swing and intra-day trading opportunities along the way both on bull and bear sides. It's best to be nimble and only take a profit's side, not bear or bull. For HODL-people I would recommend to consider a simple strategy: spread your investable risk capital in 5 parts and place buy limit orders at the beginning of every week at 10% steps below the actual price, repricing every week.