BTCUSD, 15-minute timeframe chart

BTCUSD, 15-minute timeframe chart

BTCUSD retested the resistance level of 94000

👉General outlook
BTCUSD has been trading in a sideways market for the last couple of hours. The pair moved down to the resistance level of 94000.

👉Possible scenario
The best way to use this opportunity is to place a sell order at 94000

Set your stop loss at 94800 below the previous low ($8.00 loss for 0.01 lot) and take profit at 91800 ($22.00 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.