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USDTBTC trade ideas

BTC 1h updateAt 9 AM on December 13, the market established a balance. I'm anticipating the price to approach the resistance level at 100,480. At this point, we might experience either a false breakout or a genuine breakout. If a reliable upthrust occurs, it could present a favorable entry opportunity on the 5-minute chart. It's important to note that a spring pattern formed at the support level at 9 AM. Additionally, selling volume has been slightly lower than buying volume, and the approach to resistance has shown moderate strength. Let's remain patient and observe how the situation unfolds.
Short
by MrXade
BTCUSDT: Correction in Progress, Uptrend Likely to ResumeBitcoin has completed a five-wave structure to the upside, showcasing bullish momentum. Currently, the market is in a corrective phase. However, this correction appears too shallow to me. Ideally, I expect the price to retrace further to key levels around 98,500 or 97,500 before resuming its upward trajectory. These levels align with deeper Fibonacci retracements, offering a more robust base for the next impulsive wave. Traders should keep a close eye on these zones for potential reversal signals, as they could present favorable opportunities for long positions.
Long
by The_Traders_Memoirs