Bearish view
- Sell the BTC/USD pair and set a take-profit at 20,000.
- Add a stop-loss at 23,000.
- Timeline: 1-2 days.
Bullish view
- Set a buy-stop at 22,000 and a take-profit at 23,000.
- Add a stop-loss at 21,000.
The BTC/USD price pulled back slightly after last week’s strong sell-off. The pair dropped from this month’s high of 25,168 to a low of 20,699 as the bullish momentum faded. It was trading at 21,460, giving Bitcoin a market cap of over $410 billion.