BTCUSDT: Trapped Within a Small Range! My Trading Plan

BINANCE:BTCUSDT   Bitcoin / TetherUS
As we actually know Bitcoin is in a strong uptrend movement on the weekly and daily chart as well.
During the last week the price is trapped within a small trading range 55,550 and 60,000.
On the daily chart we can see this pattern that looks like it is expanding but anyway the price doesn't have to move in that way.
So I am considering two potential scenarios as below:

If the price will increase above 60K then we can see it moving higher with targets:

If the price will move lower below 55,550 we may see it testing 50,600 or the trend line of the pattern.
After that we need to see the price reaction near the trend line how it will develop...Upside or more Downside.

Thank you and Good Luck!

🛑My Ideas Are Not Financial Advice 🛑
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