BTCUSDT at weekly resistance, may experience pull back
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The price broke the daily resistance and moved up to weekly and daily resistance confluence. It is currently trading in that zone and facing this resistance. This resistance is a bit tough one as this level has been historically resisted or held the price on several occasions. The probability says, the price shall experience a pull back here.
Note
The price has been held back till now by the weekly resistance. However, the question is where the price find support on this pull back in case it continues as per our expectation. The first logical level that seems to be realistic is daily support DS1 around 27296-27396. After that is the new weekly support level WS1, which definitely is a very good level and can act as a strong support. But first support zone is more realistic for the pullback in case it continues.
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