Bitcoin(BTC): Shorting Towards $32-34K

Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily timeframe.

This week will be an interesting one for sure, with multiple economic news stories coming from the USA, which will manipulate the markets for sure. We are expecting to see some long squeezes this week!