BTCUSD Sellers in control
Bitcoin has crashed back the $31,000 level after suffering a huge technical rejection from the $35,000 resistance level yesterday. Traders that are bearish towards the BTCUSD pair may look to sell around the $33,300 level in expectation of more short-term weakness. Traders that are bullish towards the BTCUSD pair may look to buy a breakout above the $35,000 level.
The BTCUSD pair is only bullish while trading above the $33,300 level, key resistance is found at the $34,000 and the $35,000 levels.
If the BTCUSD pair trades below the $33,300 level, sellers may test the $31,000 and $30,000 levels.