Yeah due to a long consolidation that can clearly be seen in H4 and H1 timeframe its clearly that bitcoin has failed to break out the consolidation area and it has formed a reversal candlestick at the resistance zone so we are now looking to short it.
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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.