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Bitcoin Short Term: consolidation in place

Feb 17, 2025 8:10 AM
short positions below 108000 with targets at 90000 & 80000 in extension.
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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 108000 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
131000
116000
108000
96044 Last
90000
80000
66000
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