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BTCUSDT Trading Strategy for BTCUSDT: BTCUSDT continues to show notable stability, maintaining a high price above $66,000 this Thursday. In the short term, BTCUSDT is trending sideways, with significant resistance levels identified at $67,500 and $68,700. Clear support levels are marked, and the 34 and 89 EMA lines are displaying a strong upward trajectory in the near future. As long as the crucial support level of $60,000 remains intact, the bullish camp is prepared to maintain its advantage during this phase.
Long
by RKarina
BTCUSDTHello dear friends! Yesterday, BTCUSDT continued its downward trend, with the price dropping to $41,284 and approaching the strong support level of $40,500. This is a significant price level that has helped BTCUSDT rebound multiple times. If the price continues to decline further and breaks through this support zone, it will quickly drop to $37,700. The overall trend of BTCUSDT is still uncertain, so be cautious when trading by setting your take profit (TP) and stop loss (SL) levels accordingly!
Short
by RKarina
1
btcusdtThe downward trend of BTCUSDT continued on Wednesday, surpassing the psychological support level of $40,000 and trading around $39,600. The strong support for further decline is evident as it trades below both EMA lines and shows clear reversal signals from the EMA 34. Based on chart analysis and the use of Fibonacci, there is a potential for a DOW (Dead Cat Bounce) after the corrective phase. The low point below the 1.618 level (around $35,100) would be the first profit-taking opportunity for sellers at the current time and in the scenario mentioned above.
Short
by RKarina