BTC is retracing from the last high (7500) 1hr chart, considering Fibo levels 6800 is a strong support, if we look to RSI BTS is oversolded, and using Bollinger bands we have a level below the low band and BBW making a new peak. Maybe 6800 is a nice bet to a bottom and a short-term-scalping bet...
BTC is bouncing from the retracement in the last upward leg (7350-9100). Let s consider the following targets for long positions:
target 1 - 8960
target 2 - 9170
target 3 - 9400
If you like it, gimme a LIKE...
BTC dropped to range between 0.5 and 0.618 Fibo levels considering the retracement from 6000 to 11700. It s a nice entry level if we have a rebound we can go to 11000-11700 range.