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BTCUSD D1: Heavy BEAR liquidity at 12 000 USD(SL/TP)(NEW)

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COINBASE:BTCUSD   比特幣
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BTCUSD D1: Heavy BEAR liquidity at 12 000 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more short-term
gains before reversal from overhead (BEARS).


🔸 Summary and potential trade setup
::: BTCUSD daily chart review / outlook
::: great gains so far recently
::: broke 10 000 heavy resistance
::: so overall future looks pretty good
::: HOWEVER some hurdles still remains overhead
::: key resistance: 12 000 USD / 12 600 USD
::: key support level: 9500 / 10 000 USD
::: recommended strategy now
::: SHORT from overhead resistance 12 000 USD
::: SL 12 300 USD TP1 10 200 USD TP2 9500 USD
::: bulls will likely run out of steam soon
::: also global stocks setting up for correction
::: DAX/US30/QQQ
::: Finally August seasonality - BAD for BITCOIN
::: good luck traders
🔸 Supply/Demand Zones
::: fresh supply near 12 000 USD
::: fresh demand: 10 000 USD
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: PULLBACK/BEARS
::: Sentiment outlook short-term: BULLS

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