BTCUSDT is quite confidently trading in a strong upward channel, but against the background of the global chart (senior timeframe), I consider this movement in the channel as a correction, what will happen next, only time will tell.
On the chart I marked two channels, a global one, in which the price reached the resistance zone and formed a reversal pattern "head and shoulders" and a local descending channel, in which the price returned within the range of 23362-18742. Consolidation is forming and the price is trading in the short zone.
I assume that within the local channel and the local downtrend the price can reach the ascending support line at the crossing point 21650-22000. In the medium term my target is the support level formed from June 15, 2022 - 20185
Regards R. Linda!