Technical crypto analysis based on breakout – Sell BTC around $6,969.17


Sell BTC around $6,969.17

Technical Observation:

Yesterday, BTC pulled back to the upper side but is still below the daily line $8,969.17. I expect this upward rally to be a retracement towards $8,969.17 where I’ll be looking for a long term sell with an ideal take profit at $6,119.10 or even lower. On its way to the lowerside, the key lines to check for include $6,119.10, $5,460.75, $5,021.00 and $4,542.00. As it is, I choose to remain short, but should the price break above $6,969.17, I expect a rally upwards. Technical Levels

Resistance levels

R1: 7611.28

R2: 7946.83
R3: 8453.02
Support Levels
S1: 6428.24
S2: 6934.45
S3: 7105.11
Trade Signal
Sell BTC around $6,969.17

101% Double the volume

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