Bitcoin
Short

2 possible bearish scenarios for bitcoin

226
#1 if we break below 3100, will trigger a long squeeze and we will drop to 2300 (next support level) or lower.
#2 retracement, if we see a bearish divergence on the daily chart, this will trigger the final drop to 1800-2300.

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.