Bitcoin - Intraday - We look to Sell at 10800 (stop at 11200)
The previous days outside candle has led to further selling. The overnight dip has been bought into and there is scope for further pressure going into this morning. The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall move lower. Expect trading to remain mixed and volatile.
Our profit targets will be 10000 and 9700
Resistance: 10800 / 11000 / 11200
Support: 10000 / 9700 / 9000