btcusd 8hours distribution short it tp 27 000 usd

🔸Hello traders, let's review the 8hour price chart for BTC today. Short-term bears maintain
control as we recently got booted / rejected from overhead near 31 000 USD.
currently trading near 30 500 USD with very low volatility, distribution in progress

🔸Bears will likely target re-test of 27 000 USD over next few weeks. Heavy resistance overhead at/near
31 000 usd caps the upside and I recommend to focus on shorting near market / short selling rips/rallies.

🔸Recommended strategy BTCUSD bears: short sell rips/rallies and/or short sell at market.
ongoing distribution in progress, TP1 bears is 28 200 USD TP2 bears is 27 400 usd. good luck!

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Trade chiuso: obiettivo raggiunto:

BOTH TP1 AND TP2 HIT, CONGRATS IF YOU FOLLOWED.