Tbf, based on volume and closing Daily lows from May last year, the previous support was around $28.5K to $30.5K, rather than some physiological $30K level. So price re-tested old support and unsurprising it has initially acted as new resistance. Also reaching this previous support level coincided with the fomc meeting, so people decided to sell just in case. Cos ya know, buy the rumour sell the news and all that.

Price so far bouncing nicely from 50 MA on 4hr, so nothing bullish really lost yet unless we see prices move back below $27K.



Looks fine to be basically. Losing $27K continuation level and a re-test of 200 WMA / $25K become more likely, but so far, this isn't the case.