FX.co ★ BTC/USD Analysis for February 28, 2022 - Breakout of upside trendline

Trading reccomendation:

Based on the 1H time-frame, I found that there is the breakout of the rising upside lie, which is strong warning for potential break of upside trend and start of new down cycle.

My adice is to watch for potential selling opportunities on the rallies with the downside objectives at the prie of #37.104, #35.900 and $35.050..

There is strong resistance level at the price of $39.000

Additionaly, there is the buying climax in the background, which is another sign of the weakness...