BTCUSD broke the uptrend. Normally after a trend is broken, the price retests the trend to sell more later.
So bitcoin is facing a heavy resistance zone, where if your are long, its a good idea to take profits. BTCUSD needs some heavy volume and momentum to break that resistance zone.
The resistance zone has to be watched closely. Either for short entry or taking...
In the first downmove in january ETHUSD missed to to hit the uptrend line. Now its the time to hit that support.
If Support 1 is not strong enough Support 2 at 400$ will be the target.
