BTC Sell a break setup.
Bitcoin - Intraday - We look to Sell a break of 59388 (stop at 60444)
We are trading at overbought extremes.
The previous swing low is located at 59500.
A break of bespoke support at 59400, and the move lower is already underway.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 56301 and 55401
Resistance: 63000 / 63800 / 65000
Support: 61800 / 61000 / 59400
We are trading at overbought extremes.
The previous swing low is located at 59500.
A break of bespoke support at 59400, and the move lower is already underway.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 56301 and 55401
Resistance: 63000 / 63800 / 65000
Support: 61800 / 61000 / 59400
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