Bitcoin Overextended? We look to Sell at 45798 (stop at 47047)
Bitcoin - Intraday - We look to Sell at 45798 (stop at 47047)
Daily signals are mildly bearish. We are trading at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. 45850 has been pivotal. A higher correction is expected.
Our profit targets will be 42707 and 41807
Resistance: 45500 / 46500 / 48000
Support: 44000 / 43000 / 42000
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