Bitcoin showing signs of weakness on lower time frame

2019년 6월 24일

Finally we get the much needed pullback on bitcoin.

Price has been consolidating around 11k and has finally shown a clear rejection from the resistance zone marked in red. Expecting a sweep of the lows near 10300 level, will reassess the situation on taking long positions once we revisit 10,260$ level.

Invalidation level for short trade- close above 11110$.

Keep it simple in the meantime, cheers!!