Prices are fluctuating annoyingly in the small frame, so you have to look at the larger frame to understand what's happening.
Currently, USDT.D is testing the weekly resistance. Until it breaks through completely, this is still considered a resistance zone. If USDT.D truly breaks up, BTC could be pulled down to the 60–70K range.
But in my opinion, that scenario is still too early. Just two months after the ATH peak, the market hasn't had enough time to crash deeply.
Therefore, it's most likely that BTC will still move sideways for now, with prices being squeezed below the weekly/monthly resistance. The market needs more time to: • accumulate enough liquidity • exhaust traders and make them lose patience • reset psychological factors
Only then can a clearer trend emerge. $BTC $ETH
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Prices are fluctuating annoyingly in the small frame, so you have to look at the larger frame to understand what's happening.
Currently, USDT.D is testing the weekly resistance. Until it breaks through completely, this is still considered a resistance zone.
If USDT.D truly breaks up, BTC could be pulled down to the 60–70K range.
But in my opinion, that scenario is still too early. Just two months after the ATH peak, the market hasn't had enough time to crash deeply.
Therefore, it's most likely that BTC will still move sideways for now, with prices being squeezed below the weekly/monthly resistance.
The market needs more time to:
• accumulate enough liquidity
• exhaust traders and make them lose patience
• reset psychological factors
Only then can a clearer trend emerge.
$BTC $ETH