BTCUSD Intra-Day S/R| Liquidity| .618 Fibonacci| Price Action

Evening Traders,

Today’s analysis – BTCUSD – trading towards key intra-day levels where rejections are probable,

Points to consider,
- Price Action Impulsive
- 200 MA S/R Resistance
- .618 Fibonacci Resistance
- Intra-Day S/R Resistance
- Below Average Volume Profile

BTCUSD’s immediate price action is impulsive, trading at an intra-day S/R where if broken will allow for a bearish bias at the next resistance due to technical confluence with the .618 Fibonacci.

The current volume profile is below average, an influx is high imminent when testing key trade locations.

Overall, in my opinion, BTCUSD is a valid short with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

It does not matter how slowly you go as long as you do not stop.”Confucius