Bitcoin Trading Negatively

Negative trades dominate Bitcoin’s movements in the short time periods, after finding a solid resistance level around 49300.

Technically speaking, we tend to be negative, depending on the stability of trading below the aforementioned resistance, in addition to the negativity of the Stochastic indicator. Confirmation of breaking the 48410 level opens the way to visit 48160, the primary stop.

From above, a breach of 49310 leads Bitcoin to achieve gains targeting around 49610 primarily. Warning: The risks are high and do not commensurate with the expected return, and all scenarios are on the table.

S1: 48160	R1: 49035
S2: 47850	R2: 49610
S3: 47275	R3:  49915