BTCUSD – Sell setup

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BTCUSD – Sell setupBitcoin / U.S. dollarBITSTAMP:BTCUSDKINGOFPROFITSBitcoin is currently showing signs of potential downside, with expectations for the price to move toward 110,840. However, there is still room for the market to extend higher toward 116,300 and possibly 117,000 before reversing. For now, any upward move should be viewed as an opportunity to look for sell setups, as long as price action confirms weakness at those higher levels. Traders should closely monitor rejection signals around resistance zones to align with the bearish bias