BTCUSD Perpetual Contract
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Reaction upwards from filling the CME gap, but hold your horses!

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Significant upward resistance met at 7900 after violent reaction at filling the CME gap. Check tensorcharts. This could be a bull trap.

I missed my previous target and was stopped out while I was sleeping; however, I've re-positioned my short and I am still targeting the downside.

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Looking at the CME chart, the price is hitting resistance at the downward sloping channel.

snapshot
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Bumping up against that 200MA on the 15m time frame.

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