BTC: Short-Term Trading Scenario

BTC: Short-Term Trading Scenario

BTC is testing for the third time a very strong resistance zone.

This is an area with a very strong interest for the sellers.

Actually, I am not finding many reasons why BTC should rise further.

It is likely that BTC can move down for correction during these days.

Given that also the US GDP data came out better than expected we may see BTC
moving down during the coming hours.

🟢USD Gross Domestic Product Annualized(Q3) PREL
Actual 5.2%
Expected 5%
Previous 4.9%
GDP data from the US came in better than expected

Thank you and Good Luck!

Trade closed: target reached:

Comment:

Update - #2 - Short Term Trading Scenario