P_S_trade

BTC-4h. Buyers can't lose $18,180.

BINANCE:BTCUSDT   Bitcoin / TetherUS
One percent was not enough for sellers to reach the target of our previous short-term idea.
The BTC market reversal took place at low volumes and is very similar to the continuation of consolidation.
Buyers are unable to regain control of their trend line, which has served them faithfully since 8 October.

Today, the attempt of buyers to fix above $19,400 is still unsuccessful. Weakness of buyers at local highs suggests a second test in the range of $18,500-18,700.

The critical point for buyers is at $18,180. Having lost this mark, buyers will have to forget about updating the historical high by the end of the year.

Our medium term idea is here.
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