BTC-USD
what a sell pressure of btc on yesterday candle.btc ejected from 10500 levels.you could see how much bears wantes to sell with the latest breakout at 10500.
now btc facing resistance on 9600 -9800 area and next minor support - 9400 - 9200
Today or coming days candles(1D,4H) close below 9000usd then signaling some dump on the way.probabbly the first target should be 8400usd - 8200usd.this price are weekly bounce area . if it scenario happen you will get some nice retracment entery on that area.
6H - bearish
daily -still bulish
weekly - bullish
monthly - bullish
Note ;-
BitMEX Funding rate was dangerously high for the bulls .the funding rate for Bitcoin and Ether (ETH) hovered was around 0.16% and 0.19%, respectively.this was the some reason for yestarday dump.it respect analysis 70% of times then 30% whales.the main thing is risk and portfolio managment
The extreme volatility of the past 24 hours has seen $230 million in both longs and shorts liquidated on BitMEX.
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