- Sell the BTC/USD pair and set a take-profit at 19,700.
- Add a stop-loss at 22,500.
- Timeline: 1-2 days.
- Set a buy-stop at 21,800 and a take-profit at 22,500.
- Add a stop-loss at 20,000.
The BTC/USD price declined sharply as concerns about the global economy continued. Bitcoin dropped below the important psychological level of $21,000, which was sharply lower than this month’s high of over $25,000.