BTCSHORTS charts currently mooning. That indicates bearish move soon. BTC is having a hard time breaking 8500, if it does, it can keep going, but, if it rejects and heads south to 7500 zone, it will form a bearish head and shoulders that could send us back down to 6000-6400 levels. On the weekly chart it will still be bullish so it will be a chance to buy the dip.
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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.