Bitcoin Finds Strong Support at $46530

We just saw a really strong bounce from the red support line, and I am anticipating that this will hold over the next 24 hours. However, if we do break down below it and close below, I would be personally entering a short position. For the long scenario, I would be waiting for a successful bounce again from this level, or a swing low followed by bullish momentum and plenty of green volume, then enter a long with the SL at the support line.