BTCUSDT - Short

Jul 8, 2023

BTCUSDT is at a crucial level of 31400 which was a strong supply zone coming from Jun 2022 and it fell to 15500 levels. This zone was tested in April 2023 and it fell again from that zone till 19600. Again BTCUSDT has come to the same zone and consolidating there for last 15 days. It will interesting to see if this level gets broken or used for further selling.

Watch out 31820 level on daily TF. If Candles close above this zone with a body BTC will look to continue the bull trend else look for Short opportunities in lower TF for scalping as well as positional sell.

Jul 9, 2023

Trade active

Just a small correction. In April 2023 BTC fell from the supplyzone till 24800 ( I typed 19600 by mistake). High probability of a big move downside from the current supply zone till the bottom. Watch out the upper borders of the supply zone for trend continuation in bull side. Else we can see chart is screaming that it's Sell on Rise from here.