BTCUSD - Intraday - We look to Sell at 58842 (stop at 60016)
Momentum is flat, highlighting the lack of clear direction.
Short term bias is mildly bearish.
We look for a temporary move higher.
Pivot resistance is at 59000.
We are trading at overbought extremes.
A lower correction is expected.
Preferred trade is to sell into rallies.
Our profit targets will be 55420 and 54520
Resistance: 57000 / 58500 / 59000
Support: 56000 / 55000 / 54000
Momentum is flat, highlighting the lack of clear direction.
Short term bias is mildly bearish.
We look for a temporary move higher.
Pivot resistance is at 59000.
We are trading at overbought extremes.
A lower correction is expected.
Preferred trade is to sell into rallies.
Our profit targets will be 55420 and 54520
Resistance: 57000 / 58500 / 59000
Support: 56000 / 55000 / 54000
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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.
Related publications
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.