bitcoin break down the 33K level and on his way to 31.12 Level, we have a daily demand inside a weekly zone on that level, we may see rebounding to 38-39K level and at that time we will retest the top of the descending channel, on that point I'll take the profit, and watch the reaction, if we have a breakout from the descending channel, we will update, and maybe we will open a long position according to the price action there.

don't forget, we have a negative scenario for the bitcoin that will lead it to 18-23 K

be careful and goodluck.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.