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Bitcoin
Short

BTC Potential Short Position

By RoyaleW1thCheese

Despite the recent macroeconomic factors BTC has managed to respect this range for over 6 weeks now.
I expect BTC to drop to the bottom of this range in the coming days or to the area of the previous low around the 21300 mark.
The bearish divergence on the 12H TF also seems to hint at there being some downside ahead.
Expect some choppy PA in the coming days but potentially we will end up at the bottom of the channel.
BTCUSDParallel ChannelshortSupport and ResistanceTrend Lines
RoyaleW1thCheese

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