Price may appears to be struggling at our daily resistance Level $30,715. Price action appears to having a difficult time maintianing Bullish Market structure and creating a Higher High on the 4Hr timeframe. In our recent publishing we were anticipating a pullback as we transitioned into the new Weekly Candle. We got that as price pulled back to our nearest daily support level at $29,901. Can't expect much as a trader after quite the sizeable move from 24.5K last week.
Note
Price has tapped into our Weekly S/R Zone once again. This was anticipated as price was failing to create a Higher High with regard to market strucutre on the 4hr timeframe. The increase in price was being halted by our Daily/4hr Zone $30,715Trade closed: target reached
Trade closed: target reached
Price came within a very short distance of our Take Profit #2only a few points then bounced back to the upside. It is now ranging
Note
We have now reached Daily support level and may go back into a range on the 1Hr/4Hr Timeframes
Note
Price has hit our short target and so there was no good reason to hold on to short positions. Now we can observe a BUllish BTC testing the $30,715 once again. I would prefer a 1hr or 4hr candle close above this zone. Entry on pullback to the zone or a Buy Stop is another form of entry but it is riskier buying the high like that 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.