I'm expecting a macro pull back of some size on BTC before any further macro bullish movement.
The chart has some possible spots to enter shorts depending on short term price action.
Given the slight bullish divergence on the RSI and the fact that it looks like the price has found support on a significant trendline I think it's possible price pushes up a little in the next day or so, opening up the possibilities for some short entries.
There is some resistance at around 29800 to 29950 and if the price is rejected there an entry on the break of the trendline is a possible entry.
There is further resistance above and could form a double top and also a macro trend line above which if reached could also lock in some bearish divergence.
If price doesn't reach those levels a break of 28600 should facilitate a further drop.
The chart has some possible spots to enter shorts depending on short term price action.
Given the slight bullish divergence on the RSI and the fact that it looks like the price has found support on a significant trendline I think it's possible price pushes up a little in the next day or so, opening up the possibilities for some short entries.
There is some resistance at around 29800 to 29950 and if the price is rejected there an entry on the break of the trendline is a possible entry.
There is further resistance above and could form a double top and also a macro trend line above which if reached could also lock in some bearish divergence.
If price doesn't reach those levels a break of 28600 should facilitate a further drop.