Corona virus news US:
The House approved a $484bn coronavirus relief bill, which the president said he would sign into law. The package would boost a depleted loan program for
Technical analysis:
BTC has been trading upwards. The price is tested and rejected of the strong resistance at the level of $7,800. My advice is to watch for potential downside rotation towards the levels at $6,750 and $6,500.
Trading recommendation:
Watch for selling opportunities at the strong resistance zone around $8,000 mark. Any bear divergence or reversal pattern on the 60 minute time frame or 4H time-frame may confirm downside rotation.
Downward targets are set at the price of $6,750 and $6,500.
Resistance levels are set at the price of $7,800-$8,000
Support level is set at 6,750 and $6,500.