After yesterday's move down there are now at least three different lines of resistance above for BTCUSD.
If The price rises and holds above $3350 there is still a chance for a relief rally from his level. this is increasingly less likely.
The good news is that if BTC hits support around $3000 with this level of short interest, there will certainly be a large bounce. Best not to start a new short position here but should be safe for shorts who entered above $3350.
If The price rises and holds above $3350 there is still a chance for a relief rally from his level. this is increasingly less likely.
The good news is that if BTC hits support around $3000 with this level of short interest, there will certainly be a large bounce. Best not to start a new short position here but should be safe for shorts who entered above $3350.
