#BTCUSD
The situation is generally the same. The price is in the range, the basis of which plays the role of the pattern “Flag”
Break of resistance will mean the beginning of pattern realization and in this case the market can show distribution.
At the moment the resistance has not been tested yet.
If after retesting the resistance area there will be no fall (red arrow) and the price starts consolidating between 69-72K, then further we can consider the breakout of the range resistance.
But, there is a possible scenario, when MM may once again bring the price down to the middle of the range before the subsequent bullrun (blue arrow).
If the price retests the resistance area without falling (red arrow) and starts consolidating between 69-72K, we can anticipate a breakout of the range resistance. However, there is a possible scenario where market makers may bring the price down to the middle of the range before a subsequent bull run (blue arrow).
