BTCUSDT SPOT

BTC/USDT Retested $68,000 as We Predicted. What's Next?

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On my previous analysis, I mentioned that $64,000 is a good bid and that the price action was not expected to go much lower. Now, BTC is retesting $68,000 again. What should we expect? There are two likely scenarios that I can provide:

- BTC price action trails and bounces every time the price touches the 7-, 13-, and 21-EMA on the 4-hour timeframe for the next two days.

- After the daily candle changes today, retesting $68,000 but not making a new high, there's a possible scenario where the price moves upward and makes a wick around $68,000 before going down, creating a rejection.

I would say the first scenario, where BTC/USDT trails and bounces every time the price touches dynamic support, is more likely to happen. There might even be a little hope for the price to end up closing green for the weekly candle change.

MY PREVIOUS ANALYSIS:

https://www.tradingview.com/chart/BTCUSDT/lSsG05jq-BTC-USDT-Is-Now-the-Time-to-Bid/

https://www.tradingview.com/chart/BTCUSDT/K7yKTy2c-BTC-USDT-is-Playing-Out-Nicely-What-s-Next/

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