BTC is preparing to test support level at $31K

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Hello there,

I am trying to analyze BTC for the next trade. And here are what I see:
- The Supertrend is bearish now. This trend happened for a while.
- It passed under the SMA 20 line and lower envelope.
- It is testing the Support Level at 40K
- The Volume is still low but it is rising. It should move up to pass the Zero Line to confirm the trend soon.

==> So I believe the BTC price is going to down. It will break the 40K Support level and go to the next Support level at 31K within 2 weeks.
However, "Trade what you see, NOT what you think.", I will wait to see the D1 candle close at ~40K and/or the Volume Oscillator passes over the Zero line to entry a Short position for a confident trade.

I intent to Take Profit at ~33K if the momentum is not really high. Otherwise, I expect to Take Profit at ~29K, when the momentum makes the price dump to this level (and then bump back a a little).

This is just my personal idea and would like to share with you, not financial advise.

Lucky Trading!

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