BTC/USDT (Sign of Weakness?)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-Bitcoin is showing signs of weakness after the 3rd rejection of the trendline resistance
-The price is coming back to its local support around mid 34k dollars
-This will be the 3rd retest of this area and that is definitely not a good sign in terms of price action
-We can expect a breakout of this triangle pattern within 24-48 hours
-Be ready and make sure you always have a trading plan
-If in case a downside market direction, the potential next key support is around mid 30k dollars
-While an upside breakout above 37k will lead to a potential retest of 40k dollar resistance




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