BTCUSDT is testing the Weekly resistance 🦐

BTCUSDT is testing the Weekly resistance. IF the price will have a breakout from the weekly and retest the previous resistance as new support, we can look for long scenario, otherwise we can see a retracement until the 0.5 Fibonacci level on the previous support.

We don't open a Long Position below weekly resistance

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Weekly

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The Scenario remains the same. Bullish above the weekly resistance.

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The price got a rejection from the weekly resistance as expected. We never open a long position below the weekly resistance

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Perfect bounce on our 4h support and now the price is testing the previous weekly resistance as new support. If the price is going to have the breakout from 4h resistance, we could see another bullish impulse until 50k