$BTC $BTC BTC Update -

After rejecting from the Monday Low most of yesterday, Bitcoin finally reclaimed thie level ($39,420) at the daily close. This gives us some signs that the worst of the sell off could be over and that we could be going into a period of consolidation/ chop.

I am looking at what happens on a retest of $40.3k to $40.5k. This area, which is the Prev Week Low and DM VAL has been rejected strongly on retests since the move down on Monday. If this zone is reclaimed, then we could start to think about a bigger move towards the Weekly Open and Monday High at $41.6k.

#TradeNTell