Bitcoin / TetherUS
Long
Updated

BTCUSDT – short-term pullback before heading higher

199
BTCUSDT remains within a clear ascending channel. On the H8 timeframe, price is facing resistance and may pull back toward lower support before continuing its upward move. Several Fair Value Gaps below act as strong backing zones for buyers.

On the news side, market sentiment is improving as investors anticipate the upcoming PCE report and renewed interest in Bitcoin ETFs. Although the Fed holds its hawkish tone, rising recession risks are fueling expectations of a rate cut later this year.

Strategy: Consider BUY setups if price pulls back into support and shows strong reaction. Trend remains bullish unless the ascending structure is broken.
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