Bitcoin is trading on a standard 1D Channel Down (RSI = 67.104, MACD = 446.400, Highs/Lows = 677.6506) that is close to its technical Higher High. This calls for a short term sell (within the channel) towards a potential Higher Low around 8,000. The slightest break above this Channel invalidates the pattern so shorters should keep a tight stop loss as the bullish waves of the current bull market are way too aggressive and the next medium term upside target for BTC is 11,500.
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