BTC/USDT (Weekly Consolidation?)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-Bitcoin tested the weekly 9MA support area
-We can see Bullish rejection around the 28-29k region
-The weekly candle will close in a few hours
-If this candle close above 32k level
-There is a potential weekly consolidation on the way
-During the long period of sideways action
-Altcoins may outperform Bitcoin in the short-term gains
-BTC might be safe for now against the Bears
-But let us not let our guard down and always look at both scenarios





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