The BTCUSDT level that I am watching while market goes sideways
Adding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone.
Note also the downward volume trend as price consolidates further. Looking bullish to me honestly.
BUT...
This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course.
Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see.
Not trading advice.
Note also the downward volume trend as price consolidates further. Looking bullish to me honestly.
BUT...
This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course.
Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see.
Not trading advice.
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