Trade Idea - Bearish pressure building

COINBASE:BTCUSD   Bitcoin / U.S. Dollar

Bitcoin - Intraday - We look to Sell at 10800 (stop at 11200)

The previous days bearish outside candle has led to further selling. The overnight dip has been bought into and there is scope for further bullish 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 bearish 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
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