Not a very great weekly or daily close for BTC
In my last update I have shown two probable scenario
For a strong bullish scenario we needed a good daily close above 39900 which BTC failed to do so. While we successfully took a +1.6R scalp in premium
https://t.me/fabanktrades/773
but now I feel suspect on immediate bullish bias.
A tap of highs of 40300 and immediate rejection from there will confirm the bearish flag scenario and will be a very good short opportunity.
As of now for buying BTC I am looking at 3D demand zone of 37k with Invalidation below 34.2k.
For short case scenario I am looking for rejection and retest from 40 .3k
Reclaim of 40 .6k followed by MSB ( Market structure break) at 41.6k will essentially means that BTC is out of bearish wood.
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