Sanjan91

Bitcoin USDT price action analysis

BINANCE:BTCUSDTPERP   Bitcoin / TetherUS PERPETUAL FUTURES
Here's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/ supply zone set by the ABCD pattern , price action also seems to form a shooting star at the top of the supply zone .

This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.

However, if the price crosses the 67K mark we can see the uptrend to be resuming again.

Happy trading :)

This is just for educational purposes.

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