BITCOIN FOUR HOUR RETRACEMENT

After #Bitcoin crashed to 57k level within the week we could see BTC reclaiming the 64k level with a strong momentum following NFP release yesterday 3rd of May. Looking at the price action of Bitcoin we can clearly see that the 64k level is a strong resistance area on the 4hr TF, with that in mind, we should see Bitcoin dropping to fill the price imbalances at the 58k and 59k before moving upward. For anyone looking to take a short trade this a good opportunity, but make sure to apply proper risk management when trading.

NOTE!
This is not a financial advice a posting this for educational purpose only make sure to do your own research when trading the financial market. BTCUSDT