Brief Market Respite Over?

Technicals were looking hugely negative yesterday with higher probability of downside moving than movement to the upside.

The market had a brief recovery across the board on the release of the news that Ethereum is not a security.

This recovery seems to have been digested into the market & it looks like price action is setting up to continue it's downward movement.

Action been taken. Shorting btcusd at 6590, profit target 6250, stop loss 6950. Stop loss calculated by adding daily ATR to current price.

Disclaimer: Not financial advice, for entertainment purposes only.