BTC/USDT is still seeking its way - 40700 Key support to watch

BTC/USDT is still seeking its way - 40700 Key support to watch

Context :

The BTC is now in ''trading range'' since the 24th of January after having challenged the long-term strategic support area at 28800/34800. This support area is clearly the perfect buying area for a long-term bullish strategy.
However now the question is, are we in a configuration to see a direct ise with a test of 51/52K key confirmation level to surpassed to open the top or are we once again swing down to the bottom of the range in the 34000 area even testing the key long-term support at 28800 before bouncing off?

The 40700 is the key pivot level to answer to this question in the coming hours/day.

Tactical to daily view (1 to 3 days - before next 3 weeks)

For now between 40700 and 45500 the picture is neutral if we consider the mixed element in front of us on 3 Hours chart basis.
- RSI is challenging 50% area
- EMA are challenged
- the form of the wave looks like 3 up wave which is for now corrective and coherent with range (no impulsion fo now)

However from a Risk/Reward point of you, as we are now close to the key support, it make sense to buy the dip here with a stop clsoe to 40500 at least to test the 45500 area and adjust the stop level once we are here and see if the market can increase its bullish momentum in the coming hours.

Else breaking 40700 a new bearish attack will occur