We are seeing a slight reversal in the BTCUSD trend since we touched $28,800 during the Asian session. All eyes on the $32,000 horizontal level - previous support on the daily timeframe, now could be te turned into resistance in combination with the 4-hour chart 200-day EMA. If surpassed, then this will open the door for recovering to the $34,800 -$35,000 area.
Down, at $30,750 we see the lowest candle close on the 4-h chart, which should now act as a support.
In the meantime, it is worth noting that there is a reversed descending triangle bullish pattern on the lower timeframes that might result in a continuation of the uptrend.
Just to clarify...the REVERSED descending triangle can point to an exhaustion of the selling pressure during a correction in the main uptrend. This could lead to a continuation of the main trend.