BTC Quick Take:
After BTC made a sharp dump yesterday, it bounced from its key trendline support giving the buyers a sentiment of short-term profits.
Currently, the price is retesting the descending triangle resistance and has been rejected there. This action is to fill the imbalance made by sellers.
The bullish scenario for BTC is targeting the Point of Interest that sits at around 21,400. However, the price should reclaim first the 20k zone which is considered now as the local major resistance.
If BTC fails to flip this key zone, it might continue to give us a downtrend momentum. Always manage your risk this time.
