BTC has been rejected strongly from the Neckline which I talked about.
Those areas have some massive resistance and so bulls are lacking the power to break it.
Currently BTC is around 37240 dollar.
It has corrected for more than 3000 dollar from its recent high which was around 40800 area
36000 to 37000 dollar area should act as some support now.
Now 38000 to 39000 dollar will act as resistance.
We have got failed breakout.
But next 5 days are not going to be easy.
Volatility will be strong.
Reason are as follows -
We have Option expiry tomorrow
Then we have weekly closing by end of this week
And then we have monthly closing just very next day after weekly closing.
Back to back 3 events and that also in 5 days.
So get ready for some roller coster ride.
Stay safe.
Cheers!!!
