On the 27th of January 2021, the price got a strong rejection on the level at about 30.000, that pushed it up with a clear impulse, breaking through the S/R zone at about 34k, reaching an interesting strong at about 39k , level that rejected the price many times since the beginning of January 2021.
It has just re-tested the same level and the next price action will be essential to understand the next market movement.
My previous analysis:
The price is re-testing many times the level between 38k and 39k , without breaking it. It previously got a strong impulse and I'm confident to see now a possible trend correction until the at 34.5k.
That would be a short term trade but honestly, I'll be waiting for the price to reach the level 34.5k, before planning a long position that I'll update soon!
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