Lingrid | BITCOIN Short-Term Pullback near RESISTANCE Level
2024-09-23

The price perfectly fulfilled my last idea. It hit the target zone.  BINANCE:BTCUSDT  has reached the resistance zone around 65,000, where we previously saw a significant drop. Although the market broke and closed above the downward channel, on the daily timeframe it remains in a consolidation phase, oscillating between the top and bottom of the range. Recently, the price has approached the top of this range, suggesting a potential bounce off this level. Additionally, a divergence at the resistance zone further increases the likelihood of a price move to the downside. This combination of factors indicates that we may see a short term pullback from the current levels. My target is support level at 61,000.
 



Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻 