Wave Analysis

During the previous trading day, bitcoin gained value significantly and is currently bouncing from a hourly resistance line 6545.55. As long as this level, protects the upperside, we're waiting for a clear rebound from this level to pick a long term short position with an ultimate target at 6123.90. Should the price breaks below this level, then further bearish price rally is expected with an ultimate target at 6000.00. And from the bullish point of view, should the price break above 6545.55, then we'll expect further bullish price rally towards 7294.20.

Trade Recommendations:

we're short from 6545.55

101% Double the volume