BTCUSDT got a resistance a few days from now which made the cryptocurrency market bearish , Cryptos like LUNAUSDT , ANCUSDT , GMTUSDT etc. Got a huge dump in their price. But today BTCUSDT got a support at 29730.

Let’s talk about the price action on BTCUSDT . In daily chart of BTCUSDT descending triangle pattern is forming which is a neutral chart pattern. But mostly it push the price downwards. But we have to wait to confirmation of the breakout. BTCUSDT is moving upwards but I think it is not the correect time to doing Long or Short on BTCUSDT .

I think price at 36000 with a clear breakout is a good point for buying BTCUSDT .

Thank You for giving me your precious time. I hope my analysis would have helped you.