After the false break of 42500 short-term resistance, Bitcoin dropped hard and at the moment of writing is trading at 36k , with a more than 15% drop in 48h.
Although the overall trend is grossly bearish , short-sellers should be very careful to an aggressive short-covering rebound.
I expect extreme volatility for the Crypto market and I will try to speculate on this possible rebound. 32k-25k old congestion zone can be a good zone to look for a reversal.
38500-39k zone is now resistance and extends slightly above 40k.
Although the overall trend is grossly bearish , short-sellers should be very careful to an aggressive short-covering rebound.
I expect extreme volatility for the Crypto market and I will try to speculate on this possible rebound. 32k-25k old congestion zone can be a good zone to look for a reversal.
38500-39k zone is now resistance and extends slightly above 40k.