Bitcoin - Intraday - We look to Sell at 62323 (stop at 63261)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Preferred trade is to sell into rallies.
The trend of higher intraday lows has also been broken.
Trading has been mixed and volatile.
The trend of lower highs is located at 62500.
Our profit targets will be 59525 and 58625
Resistance: 62000 / 63000 / 63800
Support: 60000 / 59500 / 58000
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Preferred trade is to sell into rallies.
The trend of higher intraday lows has also been broken.
Trading has been mixed and volatile.
The trend of lower highs is located at 62500.
Our profit targets will be 59525 and 58625
Resistance: 62000 / 63000 / 63800
Support: 60000 / 59500 / 58000
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