BTC looks set for ~29k then bounce
Bitcoin / TetherUS BINANCE:BTCUSDT
As you can see, the price has been moving in the channel inside two WHITE trend lines ( falling wedge ) which I drew on 1D TF.
On 4H TF, you can see that price has taken rejection and the drop is shown by first YELLOW line. Using the same angle as first one, the price looks set to get support at ~29k if the price gets rejected again from upper WHITE trend line , as we are seeing it right now it getting rejected.
Also on 4H TF, the price is moving in rising wedge and the upper WHITE trend line is proving to be very strong resistance.
