Last weekly candle closed bullish showing bulls stepped in, and previous week BTCUSDT closed above the last 6 week highs.
The market completed the ABC movement, therefore the market is moving sideways around the 95,000 level.
At this point we can see the pullback in the market since it's testing the previous week high and ABC completion.
This pullback would give us the opportunity to go long from the support zone in expectation of continuation.
Looking left on the daily chart, we can see the price kept rebounding from the support level around 90,000 from November and February, which shows the importance of this zone.
If the price pulls back toward this key level, the chance of bouncing off is pretty high.
This historical support combined with the recent bullish momentum creates a compelling case for potential upside continuation after the current retracement completes.
My mid-term goal is resistance zone around 99600
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad š©āš»
Trade at your own Risk š
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