BTC Daily Hitting Macro Resistance.
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
BTC daily has clearly seen a bounce from this strong area of resistance, we could just be consolidating before our next move higher, or we could be in distribution and look to see a retracement back to the daily Bullish Orderblock where price is at a discount and then we continue the uptrend.
I would like to see a pull back for the overall health of the market, especially some of these alts have been running super hard and have no kind of retracement, so that’s not a great sign as we generally get larger and more aggressive pullbacks when they don’t have time to cool off.
