$BTC again rejected ~$90,500 and lost ~$88,000 support.
As mentioned in yesterdays analysis, rejecting $90,5K triggered shorts after the failure. Enjoy the gains if you took it.
There are 3 scenario's for Bitcoin I'm focused on right now.
We lost ~$88,000 support, so it became a resistance level. When we retest it, I'm looking for scalp-shorts after the failure, or scalp-longs after the reclaim.
Keep in mind that the above are all scalp-trades and mid-range. If I execute them it will be with lower risk.
Also, if I play the scalp-long, I'm setting a TP at the ~$88,730 lower high.
The better long opportunities are at the ~$85,900 rangelow/support box.
When we arrive at the lows, I'll give price some time to stabilise and long the reversal.
Remember that Christmas is around the corner, so volume is thin.
