A big drop on Bitcoin

Bigger than I expected but if this is what it takes to take out long positions from the past few weeks than we'll be seeing some nice new upside real soon.

For this to go to the 20k levels as many have predicted I think there's been one too many swings back up for it to be a realistic target. I can see it going to the support level of the first big dip just past 30k at around 29.5k but lower than that I don't see it going. What are your thoughts?

I've been adding to my long positions here, the lowest I bought at was 31500 which lowered my initial entry quite a bit leaving room for 26k liquidation price with my 10x position. Feeling pretty safe about it but this is crypto and anything can happen. This dip does seem quite odd to me as there hasn't been any obvious bad news in the media so let's hope it's just a long position clearance for some new highs in the following days. Exciting!

Stay safe,

Blay