SIGNAL: #BTC

• Direction: SHORT

• Leverage: 10x

• Entry point: 62.200$ (market)

• Take point: 60250$ 2nd 58300

• Stop: 62800

▫️ Opened a trade at $925.

Opinion and explanation of the trade:

On the 4H timeframe, the price is testing a strong Fibonacci resistance level of 0.618. A retest of the support level after the overnight impulse is also needed and the market has not yet assessed all the risks associated with an aggressive rate cut by the Fed.

This information does not constitute financial advice or recommendations.