In this BTC/USDT technical analysis, we analyze the current price action and market trends to identify potential trading opportunities. The analysis suggests that BTC/USDT might experience a corrective phase from a significant resistance zone.
BTC/USDT is currently facing a crucial resistance zone in the range of 30200 to 30400.
CRYPTOCAP:BTC #BTC Testing HKEX:31 ,010 resistance area, HKEX:30 ,623 support yet to be tested. Bullish engulfing on last 1D close, expecting a follow up today. If breaks HKEX:31 ,010 expect resistance at HKEX:31 ,372- HKEX:31 ,611.
CRYPTOCAP:BTC #BTC testing HKEX:30 ,002 support, HKEX:30 ,282 resisting. HKEX:30 ,623 resisted with a wick on last attempt. Last 4H close looks fine but current 4H is not looking good as of now, if fails to hold current support expect HKEX:29 ,742 support to come in effect.
$BTC #BTC $27,994 support in effect, $28,298 resistance in effect, as expected lost $28,298 support turned resistance. 1D closed with bearish pin bar failing to follow thru on bullish engulfing from Wednesday.
$BTC #BTC Back above $27,994, current support at $28,298-$28,590. Testing $28,590 support. Fakeout on 4H with wick tapping $29,199 resistance. Last 4H close bearish watch $28,298 support. 1D closed good. $28,781 support needed to reattempt $29,199
$BTC #BTC Regained $27,994 support and currently on it, $28,298 resisting. Reattempt at $28,781 failed yesterday. Last 4H close looks good, 1D closed with bullish engulfing, needs $28,590 as support to breakout $28,938. Continue watching given S/R
$BTC #BTC FUD and Interest rate hike hit with $2K drop yesterday, $26,650 tapped for support, $27,478 currently testing, needs $27,994 as support to reattempt $28,298 and resume. 1D closed badly failing to follow up on bullish engulfing from Tuesday, Continue watching given S/R
$BTC #BTC Regained $27,994 support, $28,298 resisting, Last 4H closed with Bullish pin bar, 1D close with bullish engulfing if followed thru expect $28,590 retest. Next key resistance around $29,483 if takes $28,590.
$BTC #BTC $27,478 support in effect, took $27,994 during the weekend, $28,298-$28,590 resistance in effect. Expect struggle at $28,298-$28,590 as it has been support since May '22 and testing for the first time since then, taking $28,781 support will bring chance to test $30,623
$BTC #BTC brokeout $22,750 and regained $23,713 support, $24,690 resistance in effect. Last 1D closed very good following thru previous daily close. Current support $24,129, $25,336 retest highly likely if regained $24,690 support.
$BTC #BTC struggling at $21,790 resistance area to gain support, $22,379 key resistance remain strong. $21,452 support in effect as of now. $21,299-$21,056 next support range if breaks current support, Continue watching S/R