Based on the set up, the chart suggests that there is a clear selling pressure at the top. BTCUSD price continue to trade lower due to profit booking. The hawkish comments from fed officials also put the pressure on Cryptos at higher levels. It hit a low 40700 and currently trading at 41560.
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.