Bitcoin
Short

BTCUSD 8H update: what's going on???(NEW)

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So without further due. Keep it short/simple and to the point.

BTCUSD 8H update: what's going on???(NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
TAGGED as SHORT cause I expect more downside/losses
before reversal later.

BTCUSD 8hour chart showing signs of weakness:

1) Stuck in unproductive range
2) unable to clear recent highs
3) currently drifting toward range lows

Bigger questions remain:

1) is this reaccumulation or distribution now??
2) is this a potential BEAR XABCD setup??
3) QQQ/SPY (US Stock market) maxed out??

we don't know for sure yet, so here's the
short-term trade plan:

recommended strategy short-term:
market BUY 6400 USD SL 6000 TP 7400.

good luck traders!

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