$BTC has pretty obvious resistance above this area.
The price rebounded to around 79.5, only to be pushed back down. The short-term moving average at 78743 has already formed resistance, indicating that selling pressure above is relatively concentrated. Today formed a bearish candle and closed near the low, with bulls showing little sign of counterattack. If the area around 78000 cannot hold, the downside room may open up further.
Entry: 78055.7
Stop loss: 78300.0
Take profit: 77400.0
$BTC - Short 🔻
Enter the trade from below👇
The price rebounded to around 79.5, only to be pushed back down. The short-term moving average at 78743 has already formed resistance, indicating that selling pressure above is relatively concentrated. Today formed a bearish candle and closed near the low, with bulls showing little sign of counterattack. If the area around 78000 cannot hold, the downside room may open up further.
Entry: 78055.7
Stop loss: 78300.0
Take profit: 77400.0
$BTC - Short 🔻
Enter the trade from below👇
