BTC is climbing back to the scene of the crime retracing from $78k.
We saw BTC finally violate major support level of $91-92k and confirm with a solid move to the downside. The door is now open and what was one major support
92K is now major resistance.
I expect to see price action work its way back up to kiss the92K level and sweep liquidity (bull trap) for a stronger move down. This could be a significant setup for a short in the next few days when economic data news is released. We could see a major correction in the markets as well.
We saw BTC finally violate major support level of $91-92k and confirm with a solid move to the downside. The door is now open and what was one major support
92K is now major resistance. I expect to see price action work its way back up to kiss the
92K level and sweep liquidity (bull trap) for a stronger move down. This could be a significant setup for a short in the next few days when economic data news is released. We could see a major correction in the markets as well. 
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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.