6600 was broken and 6800 was as well briefly a day before. This was a bull trap and soon BTC came back to 6400-6500 zone. At present, there is consolidation happening.
Stoch RSI is suggesting strong sell while MACD is indecisive ( not giving strong positive divergence). I would not commit any money between 6200-6800 region.
The bigger trend (sell) is intact right now, and BTC will take a fall after this consolidation.
Use bounce to go short.
Disclaimer: This is my analysis. Your trade is your own, you should take the position as per your risk appetite. All investors/traders are advised to conduct their own independent research before any purchase/sell.
Stoch RSI is suggesting strong sell while MACD is indecisive ( not giving strong positive divergence). I would not commit any money between 6200-6800 region.
The bigger trend (sell) is intact right now, and BTC will take a fall after this consolidation.
Use bounce to go short.
Disclaimer: This is my analysis. Your trade is your own, you should take the position as per your risk appetite. All investors/traders are advised to conduct their own independent research before any purchase/sell.