Technical analysis:

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BTC has been trading downwards in the past 10 hours towards the level of $10,900.I see BTC in potential ABC correction with the potential for test of $10,785 and $10,475.

Trading recommendation:

Watch for selling opportunities on the rallies due to the C leg in creation and potential for the test of $10,475

BTC failed to test the high at $11,450 and that caused the sellers to come in.

Downward targets are set at the price of $10,785 and $10,475

Resistance level is set at the price of $11,330

The material has been provided by InstaForex Company – www.instaforex.com

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