[4 Feb] Bitcoin Analysis: Eyeing 261.8% Retest

2021年2月4日

Looking at today's candle, we can see that price level made a clean rejection off 38930 resistance without any form of breakout yet. Price level is also currently under 261.8% fib level where it failed to continue its BULLISH momentum to test the next fib level (361.8% fib level). As of now, I will be eyeing on another retest to 261.8% before going for a short trade towards the support level. Definitely, you can choose to execute a small trade now.

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