These are the reasons for going short Bitcoin is in a heavy resistance area now. (10800-11200) Nearly hitting top of the channel resistance Currently in between (0.5-0.618) fib levels of the previous AB leg
Greens are the support target areas. Expect bounce backs in these areas. My personal final target is 6650. If Bitcoin goes down from here as im predicting, there will be patterns forming to support further drops (Head & shoulders, Harmonic Deep Crab)
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