Bitcoin
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Bitcoin in trouble?

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Friends , btc seems to be in trouble. The 4h support at 10.1k seems to be broken as of this moment - which means that price is likely headed lower.

I'd take a short position at 10050 area and manage risk based on a 4h candle closing above 10.1k.

The chart pattern is arguably a descending triangle, It does not look like a symmetrical triangle to me.

Descending triangle are bearish chart pattern.

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This S/R level is more like a range and not a precise number. Till the daily closes above 10.3k i'll be bearish.
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Took a loss and exited the trade for now. But if it goes below 10.2k again im shorting.

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