A quick update showing bullish and bearish views on BTC with simple trade setups and stop losses
Chart 1: Bullish view.
RSI could still go down further to test the trend line, price might remain neutral for today, drop a little testing the trend line before moving up.
Profit taking is at key resistance areas and stop loss is set just below the trend line, below 7K
Bearish view:
Unlikely considering how much we have already declined, but it is still good to be prepared just incase.
