$BTC bounced from the horizontal support after sweeping the equal lows and is currently #trading below both the horizontal level and the descending trendline resistance. As long as $BTC remains below this confluence area, the current #move can be considered a relief rally. A clean breakout and acceptance above the trendline and supply zone would #shift momentum bullish. otherwise, rejection from this zone could lead to another revisit of the 63K demand region. #crypto
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#BTC/USDT ANALYSIS
$BTC bounced from the horizontal support after sweeping the equal lows and is currently #trading below both the horizontal level and the descending trendline resistance. As long as $BTC remains below this confluence area, the current #move can be considered a relief rally. A clean breakout and acceptance above the trendline and supply zone would #shift momentum bullish. otherwise, rejection from this zone could lead to another revisit of the 63K demand region. #crypto