General outlook

BTCUSD has been under selling pressure within the last couple of hours.

Possible scenario$BTC

The best way to use this opportunity is to place a Buy order at 110,650.00.

$BTC

Set your stop loss at 109,400.00 above the previous high ($10.00 loss for 0.01 lot) and take profit at 112,300.00 ($16.50 profit for 0.01 lot).$BTC

The risk-reward ratio for this order is 1:1.32.