Liyatt

If $5400 of support fails, It can fall to $2800.

Short
BITFINEX:BTCUSD   Bitcoin
hello I`m Liyatt
In previous analysis, $6000 support was lost if $6200 support offset, I mentioned that we should bear in mind a fall from $5400~$5500.
If $5400 of support fails, I think it's the first step in the falling tide. It can fall to $2800.
in the short term, The trend will not change until it reaches $6900.
For aggressive buy, $5400 can be taking for long position, and stop-limit must be set to be set up tightly.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.