Lots of supply overhead, not much demand below. BTC has held the daily support so far, and looks to be coming in to test it again. Lose that, and there’s a longer term support below.

Two daily resistances above, and lots of supply zones. BTC has been in a downtrend for the entire month of April.

Strong bullish divergence has been printed, we’ll hopefully get a relief bounce soon. Bulls first goal would be a daily close above the candle printed on 26th April (40414.5 on this chart). Price action can be scammy on the weekends with lower volumes, so Monday’s close is one to look out for.

As we are currently trading inside the 26th April candle, a daily close outside of this *should* be an indicator of direction.

Position: waiting on the sideline for more intel .