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💰 BTC/USDT 1H - BTC1! CME 4h
The price of Bitcoin is currently testing the upward trendline that it has respected since 74,000 USD, and it could be close to breaking it.
However, we cannot rule out the possibility of a false breakout, as has happened on multiple previous occasions, so it is advisable not to overstate this movement in the short term.
In case of losing this guideline, it still maintains a second trend line, less steep and more reliable, that could serve as support. Under this scenario, a drop towards the area of 92,000 USD would not be ruled out either, especially if it seeks to close the pending GAP.
Despite this possible setback, we maintain a bullish outlook. A correction towards these levels would simply present us with new entry opportunities for long positions.
Finally, in the coming hours, the CME futures market will open. If the price remains below 97,680 USD at the time of the opening, a new gap would be created that could influence price action during the week.
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