Bitcoin
Short

#BITCOIN - NEW TRADE SETUP

1628
The previous update has worked out perfectly, but thanks to this growth the market is overbought. Moreover, the price is taking hold BELOW the trend line.

Makes sense to enter SHORT in case $9570 level is broken downwards. Targets will be $9500, $9450 and $9400.

The scenario will be cancelled if we see that BTC broke the $9780 resistance and not going down from there.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.