Bitcoin has started to weaken under the $33,000 support level, which means that the top crypto has a clear short-term negative trading bias. The stage is set for more weakness for the BTCUSD pair under the $33,000 level, with the $31,000 level a possible bearish target. Fears about the FED tapering QE and the new Delta COVID-19 variant could be contributing to BTCUSD weakness.
The BTCUSD pair is only bullish while trading above the $33,000 level, key resistance is found at the $34,700 and the $35,900 levels.
If the BTCUSD pair trades below the $33,000 level, sellers may test the $32,100 and $31,000 levels.
