Technical Observation

BTC is currently trading with an increasing bearish bias. Yesterday, BTC rallied lower and even went below the daily support line $6,969.17 and is still rallying below this line. As I said previously, while the price is contained below this line, I expect a surge to the lower side. As it is on the daily chart, its good to wait for a pullback to the just broken line to pick a long term short position with a take profit at $6k. If this take profit is broken, then further momentum towards $5k is expected. A but can only be advised in case the price breaks above $6,969.17.

Trade Signal.

Remain short towards $6k.

101% Double the volume