BTC/USD Update.

Bitcoin rejected hard from $120K and is now trading around $114,600.

ā€¢ 4H: Bearish momentum, rejection at 200MA šŸ“‰

ā€¢ 1H/15m: Oversold RSI ā†’ small bounce possible but trend still weak.

šŸŽÆ Setup

ā€¢ Above $114,000 ā†’ short bounce to $115,500 ā€“ $116,000 (scalp buy).

ā€¢ Below $114,000 ā†’ continuation to $112,700 ā€“ $112,400 (sell the pullbacks).

Conclusion

BTC stays bearish under $116,800. Best play: Scalp Sells on pullbacks.

$BTC