HighpointBuyer

BITCOIN DROP TO 26500 ,POSSIBLE SHORT POSITION.

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi , Hope you have a good day.
here is my opinion on BTC/USDT pair:
FED interest rate has been weaken Bitcoin upward trend.
as we see trend did not have power to cross 31,800 resistance.
it is ranged near 30,000.
I think there is a possible break in this point (29,000)
and if break below 29,000 we may see Bitcoin prices at around 25,800 to 26,500
so it could be a SHORT position
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.