BTCUSD became overheated after the strong rally after the US elections. As shown in the chart, it can't sustain breakouts beyond a consolidation area, which points to a potential weakness and may open an opportunity for a short position.
Shorts must be carefully crafted at intraday peaks, and monitored closely, as crypto markets are famous for furious bullish moves.
Remember - that's not investment advice, always DYOR and manage your risk!
Shorts must be carefully crafted at intraday peaks, and monitored closely, as crypto markets are famous for furious bullish moves.
Remember - that's not investment advice, always DYOR and manage your risk!
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