Hi folks,
BTC is facing strong resistance at the 7.8k - 8k level and short-term momentum seems to be missing to breakthrough. I believe we see a retracement to the 7.2k-7.3k region and from there it can go back up again.
Having a short here can be risky and should be equipped with a stop at around 8k in case we break through.
Happy trading!
BTC is facing strong resistance at the 7.8k - 8k level and short-term momentum seems to be missing to breakthrough. I believe we see a retracement to the 7.2k-7.3k region and from there it can go back up again.
Having a short here can be risky and should be equipped with a stop at around 8k in case we break through.
Happy trading!
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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.