BTCUSDT Cooling Off Before Next Pop?
Bitcoin / TetherUS PERPETUAL CONTRACTBinance
Description
⋅ Hello traders, let’s chat about BTCUSDT.
We saw a really nice Bullish action yesterday. Here’s our analysis if you missed it:
With such strong momentum in one day, it’s customary for price action to slightly pull back or turn sideways.
When this happens, expect to see the moving averages rise.
There’s a nice basing pattern forming here on the 3 hour chart. Price can test either the supply or demand zone here.
But our outlook is bullish!
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
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