BTC/USD Resistances and Retraces
Looking for BTC within the week to exhaust its bull in topping off at range of $7700 - $8000. A proper retest for this move up would be around $7000 - $6800 range, from which point we would need to bounce hard and for new highs above $8000 for me to go bullish.
Following the CME pattern, we are mostly likely to top off and half another bearish month, in which it is possible for us to fall below $6000 once again with enough bullish liquidations to fuel the drive down.
Hedging above $7700 and looking for next move before executing next trade.
Following the CME pattern, we are mostly likely to top off and half another bearish month, in which it is possible for us to fall below $6000 once again with enough bullish liquidations to fuel the drive down.
Hedging above $7700 and looking for next move before executing next trade.
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