Technical crypto analysis based on breakout – Short

BTC –

Technical Observation:

BTC is currently trading with an increasing bearish bias momentum. After breaking above the contracting wedge formation, BTC rallied higher but is now retracing to the same trendline. I expect the just broken trendline to now act as a support to any movements to the lowerside. You may look for a short position now but have you take profit along the nearest supportive trendline. Alternatively, you could wait and buy this crypto upon a bounce from this support but have you take profit at 9721.85.

Trade Signal.

Short towards the supportive trendline

101% Double the volume

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