BTCUSD Price Fractals| Dynamic S/R| Weekly S/R| Declining Volume

Evening Traders,

Today’s analysis – BTCUSD- trading above key dynamic support where an impulse is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
(.382 Fibonacci Confluence)
- Weekly S/R Resistance
- Declining Volume

BTCUSD’s immediate price action is impulsive, sitting above a key technical trade location in confluence with the.382 Fibonacci and Local S/R.

The weekly S/R is immediate objective, exceeding this level will be bullish, increasing the probability of testing highs.

Volume is currently declining, an influx is highly probable when testing key trade locations.

Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.