CryptoPatel

Bitcoin Short Term Analysis $7400 or $8000 which level first ?

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BINANCE:BTCUSDT   Bitcoin / TetherUS
#BTCUSD now at Support Level at Trend-line.

if #BTC Candle close below $7650 then ready for $7400 but if bounce then we can expect $8000.

Now bitcoin Price is $7680 and good support level of Bull flag so we can expect Bounce from here toward $8000.
but if breakdown then Ready for $7421 and $7070.
so if any candle close bellow $7650 then I will short with $7710 Stop loss.
But now bullish so waiting for confirmation.
and now my long still opened but if any candle close bellow $7650 then I close this and open short position.

Keep an eye on this bellow level.

Support: $7650/$7421
Resistance: $7970/$8550

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