BTC is now approaching a strong rejection zone:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance 30k - 32k
3- Supply zone (marked on the chart)
For the bulls to take over from a Marco perspective, we need a weekly break above 32,000
Meanwhile, the bears can kick in around 30k - 32k for a bearish correction before the bullish take over again. I will be monitoring price action on lower timeframes to confirm it.
Always follow trading plan regarding entry, risk management, and trade management.
@blockchain_oracle