BTCUSDT - local correction or continued growth?
The BTCUSDT futures price has been trading in the range of 52860-50650 for more than a week. In general, a breakdown of one of the levels of the range will give a new impulse to the price in one direction or another.
Let's look at what's going on, 3 options for further price development:
1. The price can rise from the current level of 51050 to the upper limit of the range 52860 for a manipulation test. Stop in this case is below 50520.
2. In the event of a downward breakdown of the low of February 21, 50528, the price will go into a correction with an eye toward ~46800.
3. If the price breaks through the upper level of 52860, the price will take a new impulse for growth with an eye to ~57350.
Good luck in trading!
