False Breakout, No reaction to SP:SPX growth. Indicators RSI, MACD show signs of trend weakening. Media background neutrally negative. Oil production cut made crude oil spike up, which may negatively affect stock markets, hence already weak BINANCE:BTCUSDT as well. I'm in short from 28800, targets 25300 - 24300. Stop loss 29200.
Price is being squeezed to the daily limit level of 2.94$ with no obstacles above, price drops are bought back quickly. Perfect conditions for possible breakout impulse.
Two targets: short-term 2.97$ & mid-term 3.20$.
Don't forget to move your stop loss if you're in profit.
Price's getting closer to a strong limit level. After a fake breakout we didn't see an opposite impulse - good sign for a retest with possible breakout.
3 targets:
69.4 - 76.8 - 89.4
