“Everytime bears start to get some momentum, bulls replenish support at $30k. IMO, still too soon to declare a confirmed bull breakout, quite simply, because we haven't even had a legit test of resistance. Time for patience and discipline.
”Material Indicators co-founder, Keith Alan, suggested that should $30,000 be lost, Bitcoin could find support at key trend lines such as the 200-week moving average at $27,000. This chimed withTraders Skew and Daan Crypto Trades meanwhile noted a “heavy divergence” between spot and derivatives markets, with sellers apt to get the upper hand short term.Perps pushing up while spot seems to be selling off.
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