BTC - Short

3 sie

BTC - Short to 56,251. BTC has been going sideways since Feb 29th, 2024, respecting the sideways channel well on the daily charts. We've seen some selling here following the "M" pattern that played-out over the last 2 weeks. MACD shows some buyers coming-in but overall, we still see selling as we approach neutral. On the fear & greed index, we still have not reached peak greed so if we see a death cross on MA's in the next week, BTC can test the bottom of the sideways channel. This is normal market action...we've seen BTC ripping higher for quite some time, nothing goes straight up!

-Short from 60,700 to 55,648.

-Invalidation 65,273

Timeframe, 4 days to a week.