We got a retracement of almost 500$ over the past few hours.
Anyways, things are getting pretty interesting now and I'm still considering a outcome to be the MOST LIKELY one.
However, I do NOT EXCLUDE a outcome.
It looks like BTC has been forming a and is still moving within the .
Additionally, we could get some sort of a doubletop here.
If you want to short, make sure to watch how price behaves around the yellow zone (8.600$).
A sustainable breakdown would give us a solid short signal with the 1st target being at 8.250$ and the 2nd target being at 7.800$.
In case BTC manages to break ABOVE the + 9.000$ resistance with high , I'm expecting 9.700$ to be the 1s target and 11.000$ to be the 2nd target.
Personally, I won't, Volume could be much higher.
Waiting for it to fall through 8.600$ zone.
Expecting Extension to 9.5-9.7$
Near Target Zone
I do agree. Public sentiment definetly changed. Anyways, history has proven multiple times that prices like to do the opposite of what the majority is expecting.
Upcoming week should be exciting in terms of price action.
Have a nice weekend!