BTCUSDT: Continue to prioritize the Sell strategy!
Current BTCUSDT trading strategy:
In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend.
From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to prioritize a selling strategy, with a profit target set at $59,080, which also coincides with the current trend channel.
What are your thoughts on the current situation of BTCUSDT? Do you think now is the right time to sell?
In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend.
From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to prioritize a selling strategy, with a profit target set at $59,080, which also coincides with the current trend channel.
What are your thoughts on the current situation of BTCUSDT? Do you think now is the right time to sell?
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