Bitcoin Trying to Clear Negativity

Negative trading dominated Bitcoin within the expected bearish path during the previous report touching the required target located at the price of 31,130.

The daily trend is still a bearish trend, but on short time frames, we notice attempts by Stochastic to erase the negativity temporarily.

We may witness a slight bullish tendency during the coming hours, but on condition that the breach of 31,385 is confirmed in order to visit 31,510. Trading again below 31,050 puts the price under solid pressure to continue the official bearish path towards 30,930.

Note: The Level of risk is high and not proportional to the expected return.

S1: 31050	R1: 31345
S2: 30930	R2: 31510
S3: 30760	R3: 31635