Bitcoin $BTC

BTC

66,895.12

+0.32%

I'm not a fan of trading in the middle of the range, but I think we are ready to continue the downward move in the next 1-2 weeks. Even in a situation where the stop loss triggers, there will be a better risk-reward ratio.

There are two ways to play this:

1. Safer option: Stop at 70400.

2. Better R:R option: Stop at 69300.

Don't be greedy.

Targets: 63k, 60k, 49k.