BITCOIN (BTCUSD) Key Level Breakout & Trading Plan

BTC is trading below 9150.

the price has broken and closed below this level on Saturday and now it turned to resistance.

on 1H the price has formed a descending triangle formation retesting this level.
with a sequence of lower highs, chances are high that the market will drop.

for confirmation pay attention to the support of the triangle and wait for its bearish breakout (1H candle close below).

then sell aggressively or on retest aiming at:
8961
8836

safest stop is always above the last lower high.


in case of the bullish continuation and violation of a current local higher high, setup will be invalid.