Today’s analysis – BTCUSDT – trading at a local area of confluence where a rotation to the highs is probable,
Points to consider, - Price Action Corrective - Bullish OB Support - .618 Fibonacci Confluence - Swing High Objective - Trend
BTCUSD’s immediate price action is corrective and is trading at a technical location that has confluence with the .618 Fibonacci and Bullish OB, allowing for a bullish bias.
The swing high is the immediate objective, exceeding this level is likely to lead to a trend continuation. the current
The immediate objective is the swing high, exceeding this level is likely to lead to a trend continuation.
Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
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