BTCUSD / 1D
Hello traders, welcome back to another market breakdown.
Replying to some requests to update the Bitcoin chart from last idea.
Bitcoin has been trading in a down trend. However, the price has been stuck inside a range. Therefore, there 2 possibilities here:
Bulls want a short squeeze setup to for bears to buy back their shorts.
Bears want a break of the lows and a possible measured move lower that would take us to the 10k-12k levels.
Checkout the chart for triggers on both sides.
Trade safe,
Trader Leo.