Bitcoin to Retest 40k? We look to Sell at 40626 (stop at 41591)
Bitcoin - Intraday - We look to Sell at 40626 (stop at 41591)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. Previous support at 40500 now becomes resistance. Preferred trade is to sell into rallies. 20 4hour EMA is at 41000.
Our profit targets will be 37450 and 37100
Resistance: 39000 / 40000 / 40500
Support: 38200 / 37700 / 37000
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