Today’s report will include:

In Today’s analysis -BTCUSDT- trading at a region with converging Support and Dynamic Resistance, a false break is likely to occure below support for a rise back-up.

Points to consider ✍

Bitcoin has been holding current Support for an extended period of time, this creates liquidity below the level which allows for a bullish bias.

This .618 Fibonacci and Value Area Low is a region where price is likely to penetrate for wick type of reaction, this will indicate the presence of bullish strength.

Overall, from Bitcoin Insider’s perspective, BTCUSDT is a valid long with defined risk, price action it to be used upon discretion/ management once entry regions is penetrated . ✍

Hope this analysis helps.

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