Bitcoin broke out of an uptrend line and it's forming a new downtrend line which is being respected.
Confluence for going short
1 break of structure
2 trend line bounce
3 Fibonacci golden zone rejection (0.618)
4 S&R flip
5 bearish divergence on 4hr and daily TF
Confluence for going short
1 break of structure
2 trend line bounce
3 Fibonacci golden zone rejection (0.618)
4 S&R flip
5 bearish divergence on 4hr and daily TF