$BTC take profits, wait for a more reasonable price

We have an upper channel hit and a touch from under the previous supporting wedge which led to the halving. People FOMOing in and it will be a race to sell once the first big ticket sell order comes in. Now is the time to derisk and start taking profits. Unlike previous halvings, this one is already priced in and widely known. Given that it will be a bearish event due to decreased mining profitability. Increased demand increases prices, not decreased supply as we've seen with many alt coins which have tried similar approaches only to fade into obscurity. Similarly we can see a SPX FOMO bull run after bottom feeders bought the dip. The underlying factors of the economy don't warrant it to be at this price in my opinion and we have a VPVR resistance area in play. A correlated BTC/SPX bearish trend can easily unfold here despite the nearly unlimited Fed money printing.