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.
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
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
