Bitcoin USDT price action analysis

Here's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone.

This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.

However, if the price crosses the 67K mark we can see the uptrend to be resuming again.

Happy trading :)

This is just for educational purposes.