BTC is ranging on top, this means next leg is preparing. Most traders are positioned long, that's why i think price will sink after a break below my key area. I will wait a break and a retrace before entering short, targeting the $109.000 area
Trade active
Bitcoin finally broke below the key level. I'm waiting a retest of the level with a rejection to enter short. If short will be confirmed, SP500 will also drop
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.