BTC Bitcoin Technical Analysis

14 Des 2021

Taking a look at Bitcoin BTCUSDT. It has traded down to a key level on the weekly and currently ranging sideways. I'm looking for a trade opportunity i.e. a break and re-test of the current balance area. My overall bias is bearish in the HTF however given that we've traded down to a big level and price looks over-extended I can see that there's room for this to retrace so we might see a bit of upside. This will only be confirmed with a breakout, retest and fail of the current range. Not financial advice trading is risky please make sure you have your risk management in place at all times.