Support at 37k didn't hold and there has been no real bounce to speak of which leads me to believe Bitcoin will test 32k support in the coming days.
My BTC short strategy:
Short 10x
Entry: 35300
T1: 34300
T2: 33300
T3: 32300
Stop: Daily close above 36300
My BTC short strategy:
Short 10x
Entry: 35300
T1: 34300
T2: 33300
T3: 32300
Stop: Daily close above 36300
Trade closed: target reached
First two targets hit for a profit of 56% before bouncing off from 33k.Pay close attention to the resistance at 37k over the next day or two. We are already seeing a rejection from this area.
Note
24 hours later, Bitcoin is still struggling to get up above 37k. Need some volume and a push soon.
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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.