Bitcoin
Short

A bloody lovely battle for the critical $10.8K

186
With this morning price pump a nice chance to trap those bulls is on today's agenda. A good job was done by 11K level buyers over the week-end but on the other hand, they simply had "to dig in": capitulation threatens just below 10800. The bullish momentum disappeared on the 3rd of July, right after it appeared on the 2nd. And the longer the price is in such a narrow range between 11.2K and 11.7K the more "fresh meat" comes to bears from vulnerable buyers who keep adding up to their positions to save the losing ones they already have upstairs. Let us sell XBT @11400 today, underneath the recent pump point, with 10.8K as the 1st target only. Enjoy your trap netting on Monday!

Kerstin Ohlsson
Xena Exchange Swinger

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