BTCUSDTPERP PERPETUAL MIX CONTRACT
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#BTC Expanding Wedge

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📊#BTC Expanding Wedge🚀

🧠From a structural perspective, we've hit weekly support and rebounded. Price is currently consolidating near the neckline resistance zone. If we can hold above the neckline resistance zone, resistance will turn into support, and we'll likely continue higher. The CME gap near 116,600 could also be filled.

➡️If we fail to hold above the neckline resistance zone, we'll need to be wary of the risk of a further pullback. The most noteworthy support zone is around 98,200.

➡️If we continue the bullish momentum, short-term resistance lies around 114,157, with extreme resistance around 118,000-120,000.

Let's see 👀

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BTCUSDT.P

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