⚡️BTCUSDT analytical review⚡️

Apr 3, 2023

Medium-term instrument is in an uptrend 📈. The current market strength on a scale of zero to one hundred is 55. Buying 🔼 is recommended.

Locally, the price has formed an ascending price channel and is currently trading within it. The lower boundary of the channel is at level 27571.71, and the upper boundary is at level 28865.8.

Considering the local and global trends, at the moment, there is a speculative and medium-term probability of further growth. Long positions may be opened if the price breaks and consolidates above level 28865.8, as well as on a rebound from level 27571.71 🔼.

Breaking and consolidating below the lower boundary of 27571.71 may break the current local upward trend, in which case speculative sales may occur. A medium-term short can be considered if the price falls and consolidates below level 27036.48, indicating a reversal of the medium-term trend downward.

Apr 5, 2023

Trade active

⚡️BTCUSDT analytical review⚡️

Medium-term, the instrument is in a downtrend 📉. The current market strength on a scale of zero to one hundred is 52. Selling 🔽 is recommended.

Locally, the price has also formed a downtrend channel and is currently trading within it. The lower channel boundary is at level 27075.06, and the upper boundary is at level 28732.33.

Considering both local and global trends, it is currently more likely to see a continuation of the downtrend both speculatively and in the medium term. Short positions 🔽 may be opened on a break below and confirmation below level 27075.06, as well as on a rebound from level 28732.33.

A breakout and confirmation above the upper boundary 28732.33 could break the current local trend, and in this case, speculative buying 🔼 may be possible. If the price continues to rise and consolidates above level 28998.06, it may indicate a break of the medium-term downtrend.

Apr 7, 2023

Trade active

⚡️BTCUSDT analytical review⚡️

The medium-term instrument is in an uptrend 📈. The current market strength on a scale of zero to one hundred is 52. Buying 🔼 is recommended.

However, at the moment, the price has formed a descending channel and is trading within it. The lower boundary of the channel is currently at level 26969.8, and the upper boundary is at level 28627.06.

Considering the local trend, a speculative short position 🔽 may be taken if the price breaks and consolidates below level 26969.8 or on a rebound from the upper boundary of the channel around 28627.06. A medium-term short can be considered if the price falls and consolidates below level 26508.14, indicating a reversal of the medium-term trend downward.

As for buying, both speculative and medium-term purchases are better made when the upper boundary of the channel 28627.06 is broken and consolidated above it. Breaking this level will indicate a possible end of the correctional movement and a resumption of the uptrend 📈.