BITCOIN - BTC/USD - BTC overheated: possible short ahead - 11/15/2024 (GMT)

BTCUSD became overheated after the strong rally after the US elections. As shown in the chart, it can't sustain breakouts beyond a consolidation area, which points to a potential weakness and may open an opportunity for a short position.

Shorts must be carefully crafted at intraday peaks, and monitored closely, as crypto markets are famous for furious bullish moves.

Remember - that's not investment advice, always DYOR and manage your risk!