BTC Showing strong support at the 33k level after moving to test above 35k across the weekend.
Volume is also noticeably increasing as we come close to our support bands, which is fantastic to see.
With strong support at 33k, it looks like a re-test at 35k is likely; which will then see us challenge again to break the 37k resistance.
The bluechip market is most certainly deep into a cool-off zone which has led to a lot of price discovery days; particularly as we see a drain on weaker hands getting shaken out early, and FOMO'ing back in late.
As always, when in doubt - zoom out. Many people have compared the market correction to the 2017/2018 cycle crash, which could not be further from the truth. BTC has been stabilizing in a 30-40k wedge for almost 7 weeks now, after creating a new ATH
very early in the market cycle.
Summertime volatility is the norm in crypto - and the smart hands simply turn off the candle charts on the red days.
Remember - historically, crypto has only ever gone in one direction
