Wave Analysis

During the previous trading day, bitcoin pulled back slightly to the upper side instead of breaking below 5911.46. We expect this upward rally to be a mere correction and should not go beyond the upper trend line now acting as a resistance to the upper trend line. As long as the upper trend line is not violated to the upper side, we expect the price to rebound from trend line to pick a short position, but if you're a bit skeptic to short on this trend line, you could wait and sell below 5911.46 to pick a short position.

Trade Recommendations:

Sell bitcoin below 5911.46 towards 4500.00

101% Double the volume