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Welcome to this BTC /USDT update. Few hours ago BTC pumped very well but couldn’t hold the resistance line and dumped at the very next candle.
This rejection leave a long wick to the upside which is not good for the market.

Now, let’s get to the chart.

BTC is moving inside a symmetrical triangle in 4hr time frame. I’m expecting that it is moving inside this triangle for the next few days. After that we might made some conclusion.

It’s all depends where BTC breaks. If it breaks upside then BTC is ready to go $49k or if the price breaks below the triangle then we might see our last low of $29k. I’m expecting a upside move.

Be ready for every scenario. Avoid leverage trading as of now or if you do then don’t forget to books profits whenever you can.

What do you think, we see $29k or $49k?
Share your views and ideas in the comment section.

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Thank You!