Hello everyone, let's discuss and strategize today!
Overall, BTCUSDT is currently in a market correction phase after a long period of gains, it is currently trading steadily above the $68,800 level and it appears that sellers remain confined below the higher $70,000 resistance level at level of 70,500 USD.
I expect the price to rebound to retest the previously broken resistance level as there is a large liquidity zone following the sharp decline, technically the EMA 34.89 is currently neutral so we A bullish scenario can be expected at this time. If the price quickly regains support at $68,600, the possibility of a breakout increases. In this scenario, a correction is expected to continue my current target of $66,500.
How about you? What do you think about Bitcoin?
Overall, BTCUSDT is currently in a market correction phase after a long period of gains, it is currently trading steadily above the $68,800 level and it appears that sellers remain confined below the higher $70,000 resistance level at level of 70,500 USD.
I expect the price to rebound to retest the previously broken resistance level as there is a large liquidity zone following the sharp decline, technically the EMA 34.89 is currently neutral so we A bullish scenario can be expected at this time. If the price quickly regains support at $68,600, the possibility of a breakout increases. In this scenario, a correction is expected to continue my current target of $66,500.
How about you? What do you think about Bitcoin?
Trade active
Comment:
Trade active
Trade active
Comment:
BTCUSD quickly bought back the decline now that it is trading around the mentioned resistance level. What do you think about the selling strategy at the moment?
Trade closed: target reached
Comment:
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