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BTCUSDT

BTCUSDT: Increase or decrease in priceToday, after a sharp decline in BTCUSDT prices over the previous weekend, it has entered a period of consolidation with little price movement in the first two days of this week. The price is currently trading around $42,800 and mostly sideways, with a resistance level at $43,430 and a support level at $42,100. The EMA 34 and 89 signals continue to reinforce the bearish momentum of the cryptocurrency market. Breaking the current support levels, namely $42,083 and confirming a breakout below the next support level at $41,506, will significantly push the price down to around $39,000. Wishing you successful trades
Short
by RKarina
BTCUSDT: suddenly turned down in priceLet's take a fresh look at BTCUSDT today. After a sudden drop last weekend, from a high of $48,900, BTCUSDT has slipped down to $42,666. Technical analysis suggests that the bearish side is now taking control, with BTC dropping nearly $6,000 in a short period of time. The 4-hour chart and EMA 34 indicate a continued downward trend. Given the current scenario, a selling strategy with a short-term target of $40,700 is being considered. What about you? What are your predictions and strategies for the next moves of BTCUSDT?
Short
by RKarina
BTCUSDT: Exploding increase in valueToday, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing. From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility. However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.
Long
by RKarina
BTCUSDT: bullish trade with DOW wave?Dear friends, as predicted by RKarina, the price has escaped from the sideways box pattern and has experienced a significant increase. Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the correction is over and use this level as a new support. From a fundamental analysis perspective, the price is still in wave 1 of an upward trend, although no corrections have occurred yet. Therefore, RKarina's target is $50,000 or higher at the Fibonacci 0.168 level ($52,275). What are your thoughts on this?
Long
by RKarina
BTCUSDT: Upward momentum remains the sameHello dear friends! Therefore, after BTCUSD surged to $45,800, the price began to adjust itself, and at the time of writing, it is trading steadily around $43,300. From the analysis chart, we can see that the upward trend, although not as strong as before, is still intact. BTCUSDT is currently aiming to test around the Fibonacci 0.618 level. Once again, we can hope that the price will recover from this level with an expected increase to $59,488. What are your thoughts on BTCUSDT?
Long
by RKarina