Bitcoin / TetherUS
Short
Updated

Bitcoin is approaching an important support and resistance area

1 645
Hey Traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 58700 zone, Bitcoin is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 58700 support and resistance area.
Trade safe, Joe.
Note
snapshot

Looking at Bitcoin chart bulls are struggling to break above the 58k area, once price reaches there the price action will be intererestng!
Trade active
snapshot

Bitcoin had a fakeout and currently is rejecting the 58k area again
Trade active
Bitcoin have formed a decent bear flag in smaller timeframes

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