BTC is currently trading with an increasing bearish momentum. As I said in my previous analysis, BTC should continue to plunge especially while the price is still above the weekly support line $6,590.82. If you’re already in a short position and is not willing to close it, then you may have to hold onto a loosing streak and wait for price to bounce from $6,590.82, which is a good place for long term buyers. If you flat here, then I advice place a pending buy limit order around $6,590.68 and stop loss below $5,728.40 and take profit at $9,445.84.
Pending buy limit order at $6,590.82
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