BTC Support is at $16,700 and $16,300. Resistance is at $17,500 and $18,000. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle green at $17163, however monthy closing was red.
Looking at 4 hour timeframe, BTC had a nice bounce from $16700 up to $17250. 200 EMA resistance is around 17450-17500 whereas 100 EMA support is around 16830. RSI is above 70 and Stoch RSI is above 80, both are at overbought values. A sideways movement or testing around 16800-17000 may cool off over bought levels.
