BTC SHORT

9 feb 2023

BTCUSD has been in a downtrend as can be seen structurally on chart. After the nice break of structure to the downside, price has now made its way back to the Point of Interest that caused the BOS. Price is currently distributing at the POI and could begin making its way down south. A Clear break and close below 22300 could signal the beginning of the bearish move back down to liquidity resting below 15500. Always remember to apply proper risk and money management and do not over leverage your account.