Lingrid | BTCUSD shifting SENTIMENT. End of CORRECTION Phase?

3 days ago

market initially made a false breakout below the March low before bouncing off this support level. Recently, prices broke through the downward trendline that showed the correction phase, suggesting sentiment is gradually shifting toward bullish. However, we should remain cautious as this could still develop into a false breakout. If that scenario unfolds, we anticipate the inverse head and shoulders pattern.

Notable resistance has emerged around the 84,000 level, with price action struggling to breach this threshold, highlighting its significance as a key zone. Going forward, the market will likely oscillate between 84,000 and 89,000 before potentially retesting the March high levels. Overall, we might have positive momentum and bullishness in the market towards end of this month, though this outlook remains vulnerable to any unexpected negative news that could impact price action. My mid-term goal is resistance zone around 94,800

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

yesterday

Trade closed: target reached

+12% target reched 😜

Lingrid

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