BTCUSDT Pullback before the 1.13 Fibonacci Ext?
The price is testing the 0.5 Fibonacci level on the 4h resistance after a nice bounce from the dynamic support of the broadening pattern.
The broadening pattern it's a reversal pattern, but the market needs to have a breakout from the weekly resistance on 43k to change its bias.
How to approach?
The scenario is still bearish, we could see a new breakout from the daily support on 39k, and retest the 4h support as new resistance, the target could be the 1.13 Fibonacci EXT
The broadening pattern it's a reversal pattern, but the market needs to have a breakout from the weekly resistance on 43k to change its bias.
How to approach?
The scenario is still bearish, we could see a new breakout from the daily support on 39k, and retest the 4h support as new resistance, the target could be the 1.13 Fibonacci EXT
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