Lingrid | BTCUSDT mid-term PRICE Action Perspective for BINANCE:BTCUSDT by Lingrid

Lingrid | BTCUSDT mid-term PRICE Action Perspective

continues to consolidate below the 100,000 level. Over the past couple of days, the market has been printing doji candles, indicating indecision. Following a false break of the resistance zone, the market is now moving sideways. When we take a step back, we can see that the price has not achieved a 1/3 correction of the bullish move that occurred from August 2024 to January 2025. I believe the market will likely continue this sideways movement and may retrace to the area below 90,000 before rising to higher levels. A deeper pullback would be beneficial for the market, as it would create an opportunity to move to those higher levels. My mid term goal is resistance zone around 107,000

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

Lingrid

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