The BTC price fell dramatically last few days. There are strong impulsive legs with small corrections moves. The sellers are fully controlling the price, as we see the strong bearish bars on H1 BTC chart.
The price broke out previous structure low at $9405; that support now acts as resistance level. There are two options to follow the market in this scenario. First, wait the market to backtest the resistance and then go short or be more aggressive and sell it now. I will await few more hours to see how the market reacts and then place a position accordingly.
- Follow & Comment -
The price broke out previous structure low at $9405; that support now acts as resistance level. There are two options to follow the market in this scenario. First, wait the market to backtest the resistance and then go short or be more aggressive and sell it now. I will await few more hours to see how the market reacts and then place a position accordingly.
- Follow & Comment -
