btcusd on bearish reverse
#BTCUSD remains in a bearish setup, with a key break below $96,000 needed to confirm further downside momentum. The take profit zone for shorts is set at $94,800 - $93,000, with a stop loss at $97,000 to protect against a reversal.
However, if price recorrects and forms a double breakout above $97,400, it could trigger bullish momentum, potentially pushing BTC toward $98,300 before any further movement.
However, if price recorrects and forms a double breakout above $97,400, it could trigger bullish momentum, potentially pushing BTC toward $98,300 before any further movement.
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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.