#BTCRebound

#dailyanalysis

After breaching over it's 200 days EMA at 85084, #BTC has now moved into a consolidation zone between 86764 & 87621. There's a possibility of a MACD downward cross happening in the 15 mins charts #MACDAnalysis as visible in #btcchart below, if the cross over happens, then we can go for a short trade with stoploss placed at the previous candle's high. The trade can be exited once the MACD line again cuts the Signal line from below, signalling the start of an upward price movement phase again.