#BTCUSDT Technical Analysis and market overview!

#Bitcoin: Broke the red resistance zone; looks like a clean break.
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.

Though the higher time frame (HTF) is still bearish, I expect altcoins and BTC to rally together this week.

My Action? I am going to chill. I have a good altcoin bag and am ready to buy more at lower prices if the opportunity shows up!

The price is likely to hold the channel in the short term. $45,369 is the local resistance and the high of this channel in case we move higher and break the midline of the channel.

Your thoughts?

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Cheers

#Crypto #BTC