A quick surface analysis of BTC on the daily reveals a common pattern we've been seeing in previous redistribution zones: multiple failures to rally coupled with low demand at upper micro resistance. This is a critical area where we would expect to see demand (buying power) flood in. Instead, we see supply volume systematically crashing the party. Not to mention the current PA is still exhibiting rising wedge-like features. All this can change, but for now, I can't help but be bearish. I'm still wagering the PA going back down for a retest at some point, hitting the 18-17K area, although the 1.618% Fibonacci retracement places a pullback in the 13K range. Let's keep an eye on it!
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3rd times a charm is unlikely but possible but not with the volume we've seen recently. You never know though a lot of liquidity sitting at 28 to 32 could run up only to dump dramatically from there taking out as many as possible. Would be mostly artificial volume but still. Never can tell with BTC for sure. I wouldn't trade either way as of yet. Not with any leverage anyway. I would say for me personally I would buy here before selling here.