On the 4-hour chart, BTCUSD has fallen from its historical high. Currently, we can focus on the supply zone of 119200-120500. If the rebound is blocked, we can consider shorting. The downside target is around 112000.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.