BTC has moved upto to 0.618 fibonacci retracement of its recent fall, from $35k area, the price action appears to be rejecting here on the 4h and traders can look to short btc with a stop above the 0.618 retracement and aim for 30k/28k. DXY looking very strong and the UK has recent had the FCA stop regulated activity from one of the largest crypto exchanges Binance. With eurusd and gold looking weak, its suggests to me price will run to the USD, and cause significant gains, causing the dxy to sky rocket, and a massive bear market appear in most asset classes. But for now we have the chance at good risk reward to take a short position on BTC in my opinion.
Trade active:
taken a small short after that spike, lets see.
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33400 entry
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added another small position 33600
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IF it continues up we should break $35k, worth keeping an eye on too
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final entry 34150 short
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stop loss @34500 low risk for me
Trade closed: stop reached
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bad trade haha