BITCOIN: Short Term Reversal (Trade Both Sides)

The recent sell-off in the crypto market gave us the first hint for a short term trend reversal. From a technical perspective, the price is looking for a lower high, which would confirm this scenario.
I expect the BTCUSDT price to push towards the $71.2k price before we see another strong rejections and profit taking.

The long-side of this trade is accounted with more risk, compared to a short position at this mentioned price level.

I will keep this idea updated, so please feel free to share your thoughts in the comments and boost this idea if you agree with it.

Ares

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CHANGE OF STRUCTURE: Expect lower highs for the next weeks

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