Bitcoin / TetherUS
Short
Aktualisiert

#BTC/USDT may continue its trend after correction

259
#BTC

The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key resistance zone in green at 65400, and the price has bounced off this zone several times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 64400
Target 1: 64182
Target 2: 63530
Target 3: 62814

Stop Loss: At the resistance zone in green.

Remember this simple rule: Manage your money.

For any questions, please leave a comment.

Thank you.
Trade geschlossen: Ziel wurde erreicht
#BTC
Target 1: 64182 Reached
Target 2: 63530 Reached
Target 3: 62814 Reached

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