Short BTC For This Week

Considering that Bitcoin has been rejected from the upper yellow level several times, there is a possibility of a deep fall of Bitcoin. This trade gives you R/R=3.6 . The probability of winning this transaction is very high considering that there are many liquidity in low numbers that need to be filled. Also, the news of ETFs shows that they are not approved at the moment and this week is a good opportunity to correct and drop Bitcoin.
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Trade active

Trade active:

new week start...

Trade active:

on the road of analysis for now

Trade closed: stop reached:

Bitcoin has moved up because of the news about ETFs. But it is still under heavy resistance. Everything depends on tomorrow. Tomorrow is the day when the news about the approval or rejection of ETFs is going to be published. The index of fear and greed has reached the limit of greed. All this said, if for any reason EFTs are not confirmed, we will see one of the biggest price drops. And if they are approved, Bitcoin can grow well

Comment:

I told you that the yellow range is very heavy resistance. The news about ETFs raised the price of Bitcoin, but you can see that after that the price dropped heavily. And it has fallen to the range of the Daily Pivot Point that we specified. As long as it doesn't break the lower yellow range (40000 to 41000), it can go up and down in this big range. At the moment, my view is more on a further drop in the price to the $38,000 range