🔴 BEARISH · $BTC
🚨 Longs chasing $BTC on this news, read this first!
🔥
CoinDesk reports crypto PACs made a big Republican push in the final weeks before the vote, and the market barely blinked 🤷
📉 Price is down 0.2% since it came out, so the headline didn't buy anyone a rally.
📌 4h RSI is 43 and the 4h structure is lower highs and lower lows.
📌 A bear flag is forming, and longs are paying shorts on funding, so the crowd is leaning the wrong way 😏
🤩 Bottom line: short bias, clear lean. A reclaim of 78081 kills the idea, so that's my line in the sand 💎
Would you short the breakdown or wait for the retest?
Keep your size small and always use a stop. Always do your own research.
#BTC #CryptoNews #BearFlag
🚨 Longs chasing $BTC on this news, read this first!
🔥
CoinDesk reports crypto PACs made a big Republican push in the final weeks before the vote, and the market barely blinked 🤷
📉 Price is down 0.2% since it came out, so the headline didn't buy anyone a rally.
📌 4h RSI is 43 and the 4h structure is lower highs and lower lows.
📌 A bear flag is forming, and longs are paying shorts on funding, so the crowd is leaning the wrong way 😏
🤩 Bottom line: short bias, clear lean. A reclaim of 78081 kills the idea, so that's my line in the sand 💎
Would you short the breakdown or wait for the retest?
Keep your size small and always use a stop. Always do your own research.
#BTC #CryptoNews #BearFlag
