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short 100x here.. sell everything..
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The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 117,293.87 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 112,541.54 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 106,154.20 USD as an objective. Crossing it would then enable sellers to target 101,014.87 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.