BTC URGENT UPDATE

13 Mei 2023

#BTC perfectly followed our anticipated scenario as it experienced a precise dump following the breakdown of the trendline! Notably, just before the daily closing, bullish momentum led to a bounce. Simultaneously, the US Dollar Index (#DXY) broke through a robust resistance level on the 4-hour timeframe, supported by a strong momentum candle. Given the closure of global markets over the weekend, it is likely that BTC will disregard the influence of DXY and other macro factors during this period. Presently, BTC is undergoing a retest of both the Head and Shoulders pattern on a higher timeframe and the static resistance level, which previously acted as support, on the hourly timeframe.