CoinAndCrypto
Long

BTCUSDT: Fib. Retracement

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC is maintaining support outside of its falling wedge . Our scenario is in play.

We expect it to bounce off resistances at 6700 and 7050 on its way to 7200. 8400 would be the final potential target for a 50% retracement from the previous high.

We are still BEARISH on BTC expecting an eventual target of 4800-5000 so understand the risks if you trade on this signal. Use only a small amount of your capital and respect stop losses. You can buy in between 6200-6300.

Target 1: 6689
Target 2: 7042
Target 3: 8280
Trade active: Target 1 achieved. BTC is following our expected retracement.

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