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BITCOIN is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 95,029 level.
The asset is approaching an important pivot point of 2931.9BearishSafety Stop - 2939.6Technical indicators: SuperTrend is generating clear bearish signals, while the pivot point HL is currently determining the overall bearish trend of the market.Target - 2917.6About the indicators used:To get more effective signals, SuperTrend is used in combination with other indicators like Pivot Points.
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