ArnJuDQ

7600 next stop ?

BITMEX:XBTUSD.P   Bitcoin
BTC Update

After trying to break the 8200 level for the past few seasons, the BTC has been falling since the beginning of this session and is currently trading around 8100.

The daily technical situation seems ready to cross lower while the indicators in horizon 4h are already negative.

What to do?

On a shorter horizon, the technical situation is showing signs of a possible rise, which doesn't exclude a test of the 8200. A short position could therefore be opened at this level to aim for a return to the 7600.

Stay safe, guys!

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