Bear flag still in play
BTCUSDI keep it simple and mostly play with horizontal supports and resistances.
This recent pump didn't produced the short squeeze everyone expected.
We have a almost certain ETF denial coming tomorrow, even though a lot of people think the news is already priced in, I'll keep a close look to the price action, we are still in a bear market and *bad* news, even expected, have a greater impact.
The big bear flag is still in play, I expect another test of 6800 before the flag break down.
I'll be happy to discuss this or another idea, thank you
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.