Bitcoin Facing Temporary Negative Pressure

The current movements of Bitcoin are witnessing a bearish bias after it found a strong resistance level near 57,770, stable near its lowest level at 57,460

In our trading, we tend to be negative, depending on the emergence of negative aspects on Stochastic, in addition to the RSI stability below the middle line.

Activating the bearish scenario requires breaking 57,040 to target 56,680. Surpassing the upside above 57,790 will stop the bearish trend and lead Bitcoin to the bullish path with the goal of 58,150 and may extend later towards 58,230.

Note: Risk is high and all scenarios are on the table.

S1: 57040	R1: 57775
S2: 56680	R2: 58150
S3: 56300	R3: 58520