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XBTUSD H8: BEST level to SHORT IT for 1000 USD (SL/TP)(NEW)

Short
BITMEX:XBTUSD.P   Bitcoin
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XBTUSD H8: BEST level to SHORT IT for 1000 USD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: XBTUSD 8 hour chart review / outlook
::: ranges are compressing right now
::: likely setting up for a bigger move
::: however short-term I recommend to focus
::: on selling HIGH from confirmed resistance
::: key resistance: 9850/9900 USD
::: key support level: 9000 USD
::: recommended strategy: SHORT IT 9850/9900 USD
::: SL 10100 USD TP 9000 USD
::: good luck traders
🔸 Supply/Demand Zones
::: fresh supply near 10 000 USD
::: fresh demand: 8800 USD // 8400 USD
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: MIXED/RANGE
::: Sentiment outlook short-term: BEARS

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