$BTC BTC Update - preparing for the resistance retest ๐
$BTC continues to trade within an ascending structure, with buyers are once again attempting to push towards $38,000, which has been a strong resistance for the past month.
While we haven't seen a confident consolidation above this level yet, the MACD crossover along with increasing volumes indicate the ongoing dominance of buyers.
For now, $BTC remain within a growing parallel channel, and the scenario of consolidating above the HVN zone of $38,000 - $38,750 and eventually forming an impulse structure above it remains a priority.
๐ง๐ปโ๐ป Most indicators suggest the development of such a scenario. So, in the near future, I expect a breakthrough of resistance and a continuation of the movement towards $40,000. #BTC๐ฅ๐ฅ