BTC/USDT (Last Weekly Key Support?)

💎Technical Analysis Summary💎


BTC/USDT


-The bitcoin weekly time frame is now testing its last area of support
-Also, partially/almost filling the CME gap today around 32k dollars
-Based on price action since November 2021, a series of mini consolidations and breakdowns
-We can easily plot a red trendline resistance from the 69k dollar top
-If BTC repeats its recent history, we are expecting another consolidation till February
-And the market will decide if bearish leg down or an upside breakout of the trendline
-Let us see if during its trading range again, some Altcoins will get a breather and move strong
-But I will always play safe and use a proper stop loss location and strict allocation size
-Have a good trading week for everyone and hope for the best!





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