BTC seems to move in an uptrend channel on 4H and at top of the channel now. It means we have an opportunity for a scalping short.
Why short?
- 4H nice bearish div. - Too many rejections at key resistance (10500) - Sideways action below key resistance will push impatient bulls to take profit by closing longs.
* This is counter-trend trade. Play with low leverage.
Good luck traders and dont forget to give me a like.
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Watching this low TF since I think this is it, til daily close.
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The 500$ drop was sharp and had some volume that matches the pattern. If 9700ish can hold and bounce then the area 10100-10200 is very interesting and worth to have an eye on.