BTC/USDT
Right now in consolidation, once manage to trade above 10500 and hold the level
we can see higher levels.
BTC needs to hold 10000 levels else we can see lower levels.
#BTC/USDT has recently shown promising signs of a potential relief rally, supported by the formation of a double bottom pattern and bullish divergence. A double bottom typically indicates a reversal pattern, suggesting that selling pressure may have exhausted and buyers are stepping in. Concurrently, bullish divergence, where price forms lower lows while the...
#BTC/USDT chances to move 3 direction :
1. CHACNCE to form bearish shark after retest 60k
2. consolidation near 62500 and move to 72500$
3. if lost 59200$ support, it will fall down to 53k level with 10 to 15% correction
BTC USDT Analysis
the situation is negative
Breaking the 20257 area made the situation negative for Bitcoin.
It may re-test the 20257 area, then go to the 19000 area
BTC/USDT DAY TRADING || LONG, long here and put the stoploss as mentioned below, you can either be satisfied with tp1 or if you're risk taker go for tp2
