BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Here we can see that BTC is near the resistance zone. We can also see that 50 EMA is crossing 200 EMA although quite slowly which is one of the reasons I'm bearish on this setup (50 EMA crossing 200 EMA slowly implies higher chances of trend reversal). One notable thing we can see here is that the white upward trendline is now acting as a strong support as 200 EMA is moving along with it. We should open a long position if the price goes above 39500 USDT while a short position should be created if the price goes below 37300 USDT.
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