Rejection off $10,000 resistance, targets $7,000 to downside!
After forming a double top at $11,800 and breaking below $10,000 support level
, trends have been weak and we've seen continuation lower. Bitcoin has since came back to retest $10,000 as a resistance level and we are now seeing a clear rejection at that level. This suggests that sellers are back in control and look for continuation lower to our $7,000 target.
Trade active:
Just shy of our $7000 target intraday, look to sell into this strength for continuation lower.
