Bitcoin analysis for March 04, 2019

Bearish breakout of the 4-day balance support at $3.718.

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We find the bearish breakout of the 4-day balance, which is a sign that sellers are in control and that we may expect further decline on the BTC. Support levels are seen at $3.528 and $3.386. Key short-term resistance level is seen at $3.862.

Trading recommendation: We are short BTC from $3.680 with targets at $3.528 and $3.386. Protective stop is placed at $3.865.

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

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