Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC is looking a bit weak at the moment. There is significant resistance around the 3600 region. As seen on the VPVR, there is considerable resistance above. Last HVN and area of support I can identify is the 3530-3550 region, which is where the 200 EMA sits on the 1H. Failure to hold these levels would probably bring a drop to the 786 level at low 34xx as seen in the VPVR. Sitting this one out until I get a bit more information. Bias leaning bearish short term, but still bullish in the long run.