Bitcoin - Intraday - We look to Sell at 48484 (stop at 49274)
We are trading at overbought extremes.
Daily momentum has stalled and our bias is now neutral.
Pivot resistance is at 48500.
Preferred trade is to sell into rallies.
A lower correction is expected.
Our profit targets will be 46224 and 45664
Resistance: 48500 / 49200 / 50000
Support: 46800 / 45800 / 45000
We are trading at overbought extremes.
Daily momentum has stalled and our bias is now neutral.
Pivot resistance is at 48500.
Preferred trade is to sell into rallies.
A lower correction is expected.
Our profit targets will be 46224 and 45664
Resistance: 48500 / 49200 / 50000
Support: 46800 / 45800 / 45000
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