BTCUSDT Cooling Off Before Next Pop?

Hello traders, let’s chat about BTCUSDT.

We saw a really nice Bullish action yesterday. Here’s our analysis if you missed it:

With such strong momentum in one day, it’s customary for price action to slightly pull back or turn sideways.

When this happens, expect to see the moving averages rise.

There’s a nice basing pattern forming here on the 3 hour chart. Price can test either the supply or demand zone here.

But our outlook is bullish!

This trend analysis is not to be taken as financial advice; always do your research.

Questions are welcome in the comments below.

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