BTCUSDT Potential short-term Pullback around the Resistance zone
2024-09-23

BTCUSDT has reached the 65,000 resistance zone, a level where a significant drop occurred previously. Although the market broke and closed above the downward channel, it remains in consolidation on the daily timeframe, oscillating between the range's top and bottom. The price is currently near the top of this range, suggesting a potential bounce. A divergence at the resistance zone adds to the likelihood of a downward move. This combination suggests we could see a short-term pullback. The target is the support level at 61,000