Short

5K BTC around Bitcoin halving is likely

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Bulls are trying to break past 8K Resistance and Bears are wanting to push it back to 5K.

Decreasing Volume favours the Bears.

However, #BitcoinHalving fomo is in favour of Bulls. Few buyers makes them look weak !

Risk Reward ratio favours both - Bulls and Bears.

Transaction en cours

This is critical level to activate Short trade. It was marked on the chart earlier. BTC has now reached $8200 and would be interesting to see what the Bears do here. Can they drop back to $5000 ?

Note

now $8800
That is a pretty big candle that smashed through the resistance and crashing all hopes for Bears !

Trade fermée: ordre d’arrêt atteint

Stop Loss hit for Short position.
Long position in profit

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