BTC UPDATE SHORT SET-UP
BTC incoming bear cross of 100 and 200 MA in 4H TF we have clean rejection at 21MA in 4H TF bulls tried to push higher but got failed attempt
if BTC continue to drop our next support will be 7796-7912.5 region if BTC failed to hold this blue line of support
high chance of BTC going to dump lets wait and see.
BTC incoming bear cross of 100 and 200 MA in 4H TF we have clean rejection at 21MA in 4H TF bulls tried to push higher but got failed attempt
if BTC continue to drop our next support will be 7796-7912.5 region if BTC failed to hold this blue line of support
high chance of BTC going to dump lets wait and see.
Note
congrats for those who have shorted BTC make sure to move your SL at breakeven
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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.