We saw a nice drop on BTC in the last 24 hours but it recovered soon leaving a long wick behind. Once again BTC got rejected from the 21 MA resistance ($29500) and it is setting down towards the 28k support level.
Like I said before, until and unless BTC breaks the 30k resistance, we are not gonna witness any bullish rally (be it for a short-term) and until and unless BTC breaks down below the 28k support level, we are doing okay.