Hello there, I think buying the BTCUSD is very questionable because there's a strong selling pressure showing in the H4 timeframe. The H1 timeframe is bullish though, wait to see the confirmation to make any trade decision. Technical Analysis: the price is currently respecting a strong resistance level in the H4 with an inside bar candlestick that has formed at...
Currently, the GU selling pressure is still high and there is a high tendency that this bearish directional move could last till the end of this week before a reversal could start to surface. The price is respecting the minor resistance level in the H4 chart, and the current candlesticks are turning into a bearish engulfing candle. A short trade setup could be...