Don't expect BTC to push through 8k anytime soon.
We can clearly see on the 1D chart that the long term trend line is just above the top of the Bollinger Bands.
I would open a short position from either 7800 or 7950-8000 levels. with a stop loss right above 8100 level
Pushing through the 200EMA will be a hard task too which currently hovers around 8400.
I would open a short position from either 7800 or 7950-8000 levels. with a stop loss right above 8100 level
Pushing through the 200EMA will be a hard task too which currently hovers around 8400.