BTC performance looks bearish. It was not able to complete our upside AB-CD retracement on 1H chart and collapsed. Maybe coming CPI/PPI and other stuff could change the situation, but for now we do not consider any long positions. Daily trend stands bearish, and we have DiNapoli DRPO "Sell" pattern in progress, with nearest target of 20.30-20.80K area.
Thus, those who have sold could keep positions, just do not forget to manage it. Those who would like to sell could think about 22.25 nearest resistance level. And let's see what we get on Thu, after CPI and Retail Sales releases...
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.