BTC Bearish Set-up in the short term
BTC - UPDATE:
We see some long wick rejection at the resistance zone 7429.5 indicate that the sell pressure is really in favor with the bear's and
we can see the clear downward channel for BTC. Also trading below key resistance at 7180 closing 1D candle below 7180 possible will cause to see more rooms in the downside
another bearish factor we have MACD incoming bear cross on the 1D TF. The RSI still pushing to go down Let's just wait for more confirmations if BTC will continue to drop in the short term. Be safe Guys! Happy trading.
We see some long wick rejection at the resistance zone 7429.5 indicate that the sell pressure is really in favor with the bear's and
we can see the clear downward channel for BTC. Also trading below key resistance at 7180 closing 1D candle below 7180 possible will cause to see more rooms in the downside
another bearish factor we have MACD incoming bear cross on the 1D TF. The RSI still pushing to go down Let's just wait for more confirmations if BTC will continue to drop in the short term. Be safe Guys! Happy trading.
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