FX.co ★ Bitcoin analysis for March 04, 2019

Bearish breakout of the 4-day balance support at $3.718.

We find the bearish breakout of the 4-day balance, which is a sign that sellers are in control and that we may expect further decline on the BTC. Support levels are seen at $3.528 and $3.386. Key short-term resistance level is seen at $3.862.

Trading recommendation: We are short BTC from $3.680 with targets at $3.528 and $3.386. Protective stop is placed at $3.865.