Bitcoin to test 23000 for a downside extension
Bitcoin to test 23000 for a reversal lower. A break below this level is required for the downside extension as the instrument is unable to break above the 25000 and is reaching the confluence of the upside resistance/downside support. A confirmed break above 32000 is required for the Bitcoin relief rally and reversal upside. As long as the instrument is below 32000 it is in a prevailing downtrend.
Note: look for the short trade entries with the stop loss above 26000
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