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BTCUSD approaching resistance, potential drop!
BTCUSD is approaching our first resistance at 8375 (horizontal overlap resistance) and a strong reaction might occur pushing price down to our major support at 7944 (horizontal swing low support).
RSI is also seeing a bearish exit in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI is also seeing a bearish exit in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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