BTC: Channel broken

Bitcoin

Intraday - We look to Sell at 22789 (stop at 23351)

Short term momentum is bearish. Broken out of the channel formation to the downside. The trend of higher intraday lows has also been broken. Reverse trend line resistance comes in at 22800. We look for a temporary move higher.

Our profit targets will be 21377 and 20977

Resistance: 22000 / 22500 / 23000
Support: 21500 / 21000 / 20500

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