BTC is about to roll over and start retracing
Updated
Looks like BTC may retest as low as 38-39k before continuing its upward move. Due to lack of time I’ve missed the entry point for a short. Simply didn’t get a chance to look at the chart. However, if this assessment turns out to be correct there will be other entries on shorter time frames, or even a retrace in a new down trend on 4H chart.
This short setup will be invalidated if the high of 48075,22 is regained and broken upwards.
This short setup will be invalidated if the high of 48075,22 is regained and broken upwards.
Note
It looks like SPY and QQQ are about to retrace. A correlation between traditional markets and crypto would be expected.
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