Sive-Morten

Selling the euphoria

COINBASE:BTCUSD   Bitcoin
Morning guys,

So, BTC even over-completed our COP target, diving a bit deeper, to 1.618 butterfly extension. Stocks market now stands in short-term euphoria, concerning oil prices drop and US yields easing. So, why we shouldn't use it?

As we've suggested, we could wait for upside bounce to 19.8K resistance at least, or , if we get lucky, to 20.40-20.50K resistance area. Daily bearish context still stands intact...


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