Bitcoin currently trading - 47 500USD.
Honestly it is not good time to open any short position, but it's time to be careful and fix profits.
You can see strong resistance between 48-51k, fibo retracemen 0,618 and is there local POC of market profile also.
Buy volume is still good, but it is a little bit going down.
When btc is still holding the red trendline can go up.
I will entry to the trade after break the red trendline and formation lower-high.
Honestly it is not good time to open any short position, but it's time to be careful and fix profits.
You can see strong resistance between 48-51k, fibo retracemen 0,618 and is there local POC of market profile also.
Buy volume is still good, but it is a little bit going down.
When btc is still holding the red trendline can go up.
I will entry to the trade after break the red trendline and formation lower-high.