Bitcoin Short Term: the downside prevails.

Bitcoin (BTC/USD)
-820.37-1.11%
short positions below 81900 with targets at 68580 & 63050 in extension.
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Pivot: 81900

Our preference: short positions below 81900 with targets at 68580 & 63050 in extension.

Alternative scenario: above 81900 look for further upside with 87780 & 91280 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:
91280 **
87780 **
81900 ***
73368 Last
68580 ***
63050 ***
57100 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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