Here's another way to look at #Bitcoin in the hourly timeframe.
After hitting $59,476, #BTC got rejected as expected. The current price at 57.9k indicates a further downshift, possibly hitting the supporting trendline.
The yellow dotted line is acting as good support for #BTC and it is likely to maintain this support even if the price drops.
Also, we have the CPI news coming up in 6 hours. So, expect volatility in the market.
Entry: 55.7k to 56.8k.
Leverage: 5x to 10x.
Stop loss: 54.1k.
Target: 60k.
Not financial advice.
Trade safely.
Regards,
Team Dexter.