#BTC General Update
BTC just had 7 consecutives weekly candlesticks closed in red for the First time in Bitcoin history. Weekly Candle closes above $31k and after that, we see the price drop again.
Bitcoin had a weekly candle close above $30,000 even $31,000, which is Bullish for us. The weekly support is still holding and a bounce is expected from this level. BTC needs to break the resistance zone of $31,600 - $32,000 with good volume and give daily candle closing above this zone to gain some bullish momentum. We had CME gap formed at $29,300 during the weekend and we see a rejection to fill up the cap. Now keep an eye on 4H candle close because if it closes below $29,600 then we may visit $28700 - $28,300 zone. Trade with tight stop loss.
