Bitcoin Tends to be Negative

Negative trading dominated the movements of Bitcoin within the expected bearish context, touching the second target to be achieved last Friday at 35,540, posting low at 34,784.

On the technical side, we may witness more negativity as a result of the negative pressure of the 50-day moving average, which continues to pressure the price from the top.

Short Positions depends on confirming the breach of 34,880 to target 34,490. Confirmation of breaching the resistance level at 35,560 negates the bearish scenario, and we will witness upward slope targeting 35,850.

Note: The risk level is high and all scenarios are on the table.

S1: 34880	R1: 35560
S2: 34490	R2: 35850
S3: 34200	R3: 36235