tradafx

Short-term selling opportunity with BTC

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
H4 time frame.
Structure: Uptrend.
The price broke the 60000 support area and made a new low forming a downtrend.
Currently, the price has not plummeted out of this zone and is still showing signs of retesting the new resistance level of 60000.
Wait for the price to retest at 61000 - the confluence of resistance and downtrend line, then you can find selling opportunities.
Profit target is the price range 54000 - 53500.
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Wish you all have a good trading day!