BTCUSDT behaves quite predictably. A strong bearish trend, a price channel, the price reacts strongly to resistance levels, consolidation, there are no deep price pullbacks - the prerequisites for the cryptocurrency to continue its fall.
Yesterday the level 19550 was tested and the volumes were increased due to the shake-up, a strong upward momentum, which was quickly sold out. The price on the retest breaks through this level and consolidates below it.
There is a liquidity zone on the chart - a short-term target, we expect the price to reach it in the near future. There is also a support level, an important level formed in August 2019 - this zone is a medium-term perspective.
like it or not we are gonna see the mid 20s again. very likely before new lows. dont trade this weekend spot BS. next week will open on a pinbar with how CME closed and that is very telling
The trend continues to decrease. But it is quite possible that the price may be driven to the resistance of this downward channel. The crowd has already accumulated a lot of short positions. They must be punished.
RLinda
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@SpartaBTC, I don't think it's a complicated and long scenario, but anything is possible. Thanks for the feedback