As long as we are testing strong supports, the supports will be weaker with time.
All bears need is more volume for breakdown.
Bulls are loosing their control slowly but surely.
I will not be surprised if any day we see a red candle below 31500 dollar level because that is one support which has been held till now but bulls are loosing their control
Currently BTC is around 32500 dollars
Still in range bound.
Be very careful with this range because if BTC breaks down then alts will bleed.
But if BTC is successful in holding this range, then it will be great for bulls.
Don't take any new position for now as its not going to help.
Stay out of the market.
Cheers!!!