BTC/USDT (Expect Consolidation?)

💎Technical Analysis Summary💎


BINANCE: BTCUSDT

-It seems to be the 18k dollars is acting as strong support
-Retested twice and we saw rejection candles
-I have plotted a Fib box area where the price could consolidate
-Base on price action and location between the Fib
-The Bulls and Bears are fighting in between
-I am more on the Bullish side base on this short term
-I will increase my bias if BTC can hold above 19.3k dollars
-Because that will indicate that the Bulls are still keeping the game alive
-For now, Altcoins are getting some love because BTC is starting to consolidate
-If the volatility is shrinking, money flow will go back to the Altcoins
-I hope BTC to stay in a ranging market for a few days or weeks
-So I can start looking for my next potential Altcoin list





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