BTCUSDT: bears ascend to the throne
Hello everyone!
On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing.
Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually materializing.
Regarding the technical aspect and new prospects of BTCUSDT: The H4 setup shows a strong resistance level in the market, with the bearish side still gaining momentum from the lower breakout area of $63,200. The selling strategy is still favored by investors, as evidenced by the unchanged trend of the EMA 34,89. In this scenario, the bear's target could be aimed at $61,000. Good luck with your trading.
On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing.
Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually materializing.
Regarding the technical aspect and new prospects of BTCUSDT: The H4 setup shows a strong resistance level in the market, with the bearish side still gaining momentum from the lower breakout area of $63,200. The selling strategy is still favored by investors, as evidenced by the unchanged trend of the EMA 34,89. In this scenario, the bear's target could be aimed at $61,000. Good luck with your trading.
Trade active
Trade active
Comment:
Comment:
Join my free signals group 🚀:
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
