A scenario for both bulls and bears in the BINANCE:BTCUSDT chart!
For the bulls, the 44.2k level is an important level. A breakout and a restest of this level is a confirmation of the falling wedge. This is huge because it will follow the Wyckoff Accumulation Schematic as seen in my previous post:
For the bears, well you guys are hungry for stop loss hunts and will be aiming to reach the 37.5k or 38k level. After that, a bounce to the upside is expected as the bulls doesn't want the bull market to end that easily.