Lingrid | BTCUSDT mid-term PRICE Action Perspective
2025-02-10
Category: None

BINANCE:BTCUSDT  continues to consolidate below the 100,000 level. Over the past couple of days, the market has been printing doji candles, indicating indecision. Following a false break of the resistance zone, the market is now moving sideways. When we take a step back, we can see that the price has not achieved a 1/3 correction of the bullish move that occurred from August 2024 to January 2025. I believe the market will likely continue this sideways movement and may retrace to the area below 90,000 before rising to higher levels. A deeper pullback would be beneficial for the market, as it would create an opportunity to move to those higher levels. My mid term goal is resistance zone around 107,000


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