1. Horizontal resistance which reacted with stronger buying .
2. Daily is dead. Last time it was so dead it was in 2016 and strong upward movement begun.
3. The angle of falling is too high. I made an analysis of angles of trends here 4. BTCUSD Shorts chart shows outstanding growth. 60% within a week. Bear trap?
I closed short around 6340. If we break support 6150 I go short again but it's not any long opportunity. Resitance lines are too tight and my major rule "DONT LONG THE BEAR".
I go short here to previous low at 5750 then we will se what's next. Stop loss at 6150.
Hypotethical price action