BTC/USD Downside? 3 Jan 2022

Hi all and welcome to the 2022 trading year! We’re kicking off the year by shorting bitcoin. Technical analysis and king shaun lee (@ezracapital on instagram) also has similar bias.

Price is holding below the two trendlines (mid & short term) and the structure is bearish.

Downside target: 40,000 USD

Violated above: 48,400 USD

BTC/USD 15m Chart

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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