BTC/USDT (Bullish Short-term Pattern)

💎Technical Analysis Summary💎



BTC/USDT

-Bitcoin did a good job breaking upward its local resistance
-The bullish reversal H&S pattern is confirmed
-We have two potential good scenarios today
-1st to go straight and retest the ATH price level
-Or a pullback to retest previous resistance to become new support
-If we are following the major trend, we will always look for Buying oppurtunity
-In this case, priority is back to the bulls
-Unless we break below the 200MA in the 4H time frame
-Then, we will look for the bearish scenarios
-The Altcoins space are doing great these past few days
-And I think they will perform well in terms of the reward to reward ratio
-But please, don't forget to use a stop loss and protect your profit ASAP




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