BTC/USDT (Testing Mid Resistance)

💎Technical Analysis Summary💎



BTC/USDT

-Looking at the 2D time frame chart, BTC found support at 50MA
-We can see two perfect rejected candles closes above the 50MA
-And followed by two green candles and trading at 56.6k dollars
-Currently, Bitcoin is facing a minor mid-Fib resistance zone
-This resistance area is the previous bear flag last April 17-19 trading
-If BTC can reclaim above the 58k dollar and hold
-I think the probabilities to retest the all-time high price increases
-This current 2D candle closes in the next 6 hours
-This is very important to determine the next potential price action this weekend
-And for the first time, the monthly candle is about to close in red
-We will have an indecision candle if we can see higher highs or start to correct
-So please always follow your stop loss because is the only way to cut our emotions and reduce the risk
-Have a nice weekend everyone and stays safe!




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