Price has broken the bullish trend on the H1 timeframe.
The 50EMA has crossed the 200EMA on a M5 timeframe indicating a continuous sell. The sell may not be long, so I’ll advise we scalp ✅. But all together, USD has overbought and eyeing the last highest high since 1998.
I see USDJPY recovering from the recent news that affected its bullish rally.
I expect the market to break the resistance level, retest back to resistance and rally upwards..
This is my buy bias on btcusd, apply proper risk management.