Bitcoin: Retrace
So, yesterday Bitcoin has a drop from the $6400 area to touch the $6315. In my opinion, it was a pullback, but a little bit too much.
As Bitcoin could not hold the trend line, we had observed a drop to a lower of support at $6315. Since that level, there was a small pullback to the $6364 level before dropping to $6315 again.
At the moment, it was not safe to put on any Bitcoin trade; I will have a more close observation. Usually, from this level, Bitcoin usually has a 30/70 chance of Bullish/Bearish.
If you want to set up a trade, try to Long from $6280 and Short from $6400, which is a safe trade to catch the pullback.
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