BTCUSDT Analysis
BTC - trading inside ascending broadening wedge channel (dark blue lines) which in turn indicates trend reversal on longer timeframe.
Inside broadening channel , there is bull flag as well and BTC trying to close inside bull flag (dark yellow/orange lines).
Also could see bullish liquidity zone got completely wiped and price trying to enter next bullish liquidity zone and starts flying after that..
49k crucial area to watch for, if there is any trend shift , we may see BTC retest bullish institutional demand zone of 42-43k region and 48k support won't get hold that time since it's thinner support..
Please do follow me on trading view if you like my content.
DYOR.
Inside broadening channel , there is bull flag as well and BTC trying to close inside bull flag (dark yellow/orange lines).
Also could see bullish liquidity zone got completely wiped and price trying to enter next bullish liquidity zone and starts flying after that..
49k crucial area to watch for, if there is any trend shift , we may see BTC retest bullish institutional demand zone of 42-43k region and 48k support won't get hold that time since it's thinner support..
Please do follow me on trading view if you like my content.
DYOR.
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