andrewchungkc

BTC/USD - downward pressure is still up

Short
BITFINEX:BTCUSD   Bitcoin
The price is heading down due to the strong selling power. A strong resistance zone is formed between ~11607 and 12660.

Expect the price will drop to the supporting level around 6000 and bounce within the channel.

Should wait for any signal for change of the direction before jumping back in.
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