Bitcoin Short Term: consolidation in place
Feb 10, 2025 8:24 AM
short positions below 108000 with targets at 90000 & 80000 in extension.

Pivot: 108000
Our preference:
short positions below 108000 with targets at 90000 & 80000 in extension.
Alternative scenario:
above 108000 look for further upside with 116000 & 131000 as targets.
Comment:
as long as the resistance at 108000 is not surpassed, the risk of the break below 90000 remains high.
Supports and resistances:
131000
116000
108000
97716 Last
90000
80000
66000
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