BTCUSDT has a pretty bearish scenario overhead with the weekly support in the thick grey lines and the Ichimoku cloud.
Volume is also not looking pretty good as it continues a downtrend since mid April, with a substantial loss since the january levels (marked with the horizontal line).
Based on all this, we will probably experience a drop towards mid or even lower levels of this range 29K to 42K, considering how many times support has been hit, it could also breakdown.
I advise caution to all traders.
RISK MANAGEMENT IS KEY AS ALWAYS.
Volume is also not looking pretty good as it continues a downtrend since mid April, with a substantial loss since the january levels (marked with the horizontal line).
Based on all this, we will probably experience a drop towards mid or even lower levels of this range 29K to 42K, considering how many times support has been hit, it could also breakdown.
I advise caution to all traders.
RISK MANAGEMENT IS KEY AS ALWAYS.