BTC - Key resistance at $71k could trigger a bull trap
I think we are due to experience some key resistance at 71k that will trap bull's as I expect the market to come back down and liquidate bulls by hitting stop losses.
I am currently in a long trade from 63k but I am anticipating key resistance at this level. Especially, because it will be the first retest in over 3 months of the level.
We are also in the third trending move of this trend from the 52k level.
I am currently in a long trade from 63k but I am anticipating key resistance at this level. Especially, because it will be the first retest in over 3 months of the level.
We are also in the third trending move of this trend from the 52k level.
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