BINANCE: BTC/USDT (SOS+BU or Rejection)

28 Tem 2021

BTC/USDT:

Bitcoin continuation of uptrend instead of pulling back!
BTC managed to absorb supply levels of H1 & H4 from yesterday and entered more stronger H6 supply zone which is valid from 20th May. any closing H6 candle above will confirm entering "SOS" (Sign of Strength) and hopefully we will be expansion phase soon after Back up (BU), will be lovely.
if you followed you knew that we've been following Wyckoff accumulation since selling climax and bounce to AR. Before that we successfully fully analyzed Wyckoff distribution at top. Right now either we will see powerful break above resistance lines to see sign of strength or we reject to 36.3l-36.5k.
indicators are ready for bearish div. but regarding buying pressure i vote for a breakout and then Back up.