Bitcoin's runs into $3,600 brick wall! för BITMEX:XBTUSD.P av CM_Trades

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Bitcoin finally showed some signs of life over the weekend as price moved sharply off lows
On the last retest of lows, price bounced sharply above the S/R flip region but was on lower volume
After retesting the breakout zone, Bitcoin continued its move up straight into supply before getting rejected
After the EMAs turned up bullish, we have yet again rolled over bearish and trending lower
We just had a very bad squeeze higher, raiding shorts and also trapping a lot of bulls playing the breakout move
$3,600 remains a strong resistance level and that last move higher getting rejected is hinting at a revisit of lows
If we could break that supply level, next stop would be $3,800

Thanks guys!

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