We'll see

20 ต.ค. 2022Morning folks,

So, last setup is started nice - price turns down precisely from 5/8 resistance, keeping chances for potential downside butterfly. Although action looks slow and choppy, fundamental background still stands in favor of downside action. BTC has not taken any part in recent stock market rally, rising US interest yields keep market under pressure. So, let's see... If you have taken short position - now it is possible to move stops to breakeven.