Bitcoin creating a divergence at resistance 64k ahead

20 Tem

Buying power in the BTC/USD pair appears to be very limited as it was rejected from the 67,350 - 66,500 resistance cluster. Additionally, there is a bullish divergence, leading me to expect the price action to retreat back to 64,500. I have set a pending sell stop order at 66,124, targeting 64,357 in the coming days. It is important to mention that I always aim to swing trade my Bitcoin positions for a few days until my move either works out or doesn't.