The price broke the orange trendline but will probably retrace down at least to the 0.5 and possible deeper to the 0.886 fib level, but it will recover quickly and close above the yellow trendline.
The price tested the POC 23 time since May 19 and it acts as a strong resistance and support level and the price will probably test again .
Since May 19 2021 BTCUSDT is in an Contraction phase (Green area).in order to start the Expansion phase, the price will needs to breaks the 3 major white resistance level plus the current POC level and the past POC level (Dashed red line ) and by that time it should also be able to breaks the major red downtrend line.
GOOD LUCK
The price tested the POC 23 time since May 19 and it acts as a strong resistance and support level and the price will probably test again .
Since May 19 2021 BTCUSDT is in an Contraction phase (Green area).in order to start the Expansion phase, the price will needs to breaks the 3 major white resistance level plus the current POC level and the past POC level (Dashed red line ) and by that time it should also be able to breaks the major red downtrend line.
GOOD LUCK