BTC

Too bad the oil trade did not work out yesterday, but this is part of the game.

Today I want to discuss about BTC as it seems there is some movement finally. BTC has tried so hard to break through 7k only sustain it for a while before going back down again. The better scenario for the long side is we see a quick rejection to this level and bounce right back up, which mean 6900 is a support on the daily timeframe. We have seen the hourly pattern has turned more bearish and 4 hours chart is also on the pivot point of being bearish.

We should know which side it may intend to go to in tomorrow morning HK time.

Stay home and stay safe.