Bitcoin failed 3000 CNY and previous uptrend breakout with a huge and fast 500 CNY retrace . It's forming now a rounding top around previous trend resistance indicating buyers are exhauted and traders are taking profit at this level.
Good shorting opportinity if it breaks down current channel. With first support area in the 2600-2500 CNY level.
Good shorting opportinity if it breaks down current channel. With first support area in the 2600-2500 CNY level.
Comment:
Previous daily and weekly analysis remain intact and keeps following the mirror pattern.