Aurum Markets Blog Technical Analysis BTCUSD short term bearish trade setup to 100723.1797

BTCUSD short term bearish trade setup to 100723.1797

BTCUSD short term bearish trade setup to 100723.1797 post thumbnail image

BTCUSD is heading towards a line of 100723.1797. If this movement continues, the price of BTCUSD could test 100723.1797 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Downward sloping Moving Average

Target: 100723.1797 Entry: 103325.88 Stop: 104701.3336

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