BTCUSDT ANALYSIS
#BTCLIVE
The expected breakdown in price has taken us to support on the EMA50.
I'd anticipate falling further, we have a weekly pivot forming around 22.9k which it would be good to fill early and before any bullish moves.
The 4 hour is showing a pullback in play so we could bounce for a re-test of the upper trendline but we'll need to see some volume.
Price falling to collect liquidity by triggering buys is likely the best case scenario to break our current range.
The expected breakdown in price has taken us to support on the EMA50.
I'd anticipate falling further, we have a weekly pivot forming around 22.9k which it would be good to fill early and before any bullish moves.
The 4 hour is showing a pullback in play so we could bounce for a re-test of the upper trendline but we'll need to see some volume.
Price falling to collect liquidity by triggering buys is likely the best case scenario to break our current range.
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