$FXS is currently positioned within a bullish market structure, trading at 2.011 USDT, just below the resistance level of 2.018 USDT.
With an RSI of 65.23, there's potential for further upward momentum if a breakout occurs.
A breakout strategy is advisable given the proximity to resistance, but caution is necessary.
Macroeconomic events and Bitcoin's volatility might pose risks to this upward trend.
Traders should remain vigilant and watch the support level at 1.939 USDT for potential reversals.
