BTC/USDT (17k Dollars Next Target?)

💎Technical Analysis Summary💎


BINANCE: BTCUSDT


-Bitcoin found support at previous resistance on the 2nd retest
-The price confirmed support and may go higher up to reverse Fib resistance 2.0
-Using the reverse Fib extension during the 1st consolidation range around 15k dollars
-We can say the 17k dollar range is the next strong resistance area
-I don't recommend shorting Bitcoin even at the resistance level
-Without any signs of weakness because the price can go higher as the Buyers are in control
-Not a good time to buy as well because the risk to reward ratio is not good
-You don't have a proper stop loss location if you will go to Long
-I suggest waiting for a proper market structure before planing your next trade (Long or Short)



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