Bitcoin is now sitting around a strong support zone and round number 30k
Moreover, the 30k is a demand zone as we previously had an aggressive movement upward from it.
Keep in mind that no matter how strong a support is, it can still be broken. That's why we don't buy blindly.
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As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
Meanwhile, BTC can still break the 30k support downward, in this case, a movement till the next rejection would be expected which would be the 20k demand zone in red
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Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
