BITCOIN: A CORRECTION AWAITS.
Updated
Hello traders, it's been a quiet weekend where BTC has been stationed at 30k and it is neither breaking out nor breaking down. We saw BTC hitting 
31K but it wasn't enough to break the ceiling. With the current price holding at 30.3k, we can expect a further rally on BTC but if it gets rejected below the 21 MA then a rejection till 28.6k is expected.
I am waiting for the daily close to get a better picture.
Note: BTC is due for a healthy correction both in a shorter and longer timeframe so be careful with leverage trading.
31K but it wasn't enough to break the ceiling. With the current price holding at 30.3k, we can expect a further rally on BTC but if it gets rejected below the 21 MA then a rejection till 28.6k is expected.I am waiting for the daily close to get a better picture.
Note: BTC is due for a healthy correction both in a shorter and longer timeframe so be careful with leverage trading.
Note
BTC Update:
I am still sticking with this plan. 28.6k is a possible rejection level; if the support level sustains, then a bounce back toward 31k.
I am considering a rejection below the 28.6k to be the invalidation point for the rally.
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