After a failed attempt to trade higher into the $42377.50 we are still bearish on BTC. The strong resistance at $41071.41 is being maintained and we wouldn't want to see price break above that area. We have a break of structure and bearish breaker on H4 at $40851.01 and we saw a return to that area and now we are short. 50 & 8 MA are bearish and daily bias is bearish.
Our target is coming in at $38436.00 which is a weekly Order Block as well.
Our target is coming in at $38436.00 which is a weekly Order Block as well.
Comment:
Price delivered well but missed our target by a few pips. Good Trade overall