BTCUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a one-day-time frame analysis for BTCUSDT

You see in this chart that the price entered a descending channel and on the top of this channel we have our second resistance line and these hammers show that the price could not break this line and was rejected. At the bottom of our channel, we have our second support line and it shows that the price was able to touch this line at some points and was supported well by it. Also, this yellow line shows that the resistance of the price and its unsuccessful triumphs in order to rise again. At this moment, we expect either the price is able to move upward to the first resistance area and fix over it and then move toward the other resistance lines and have more rise, or it is probable that the price starts its falling trend toward the second support line and reach the 23000 amount and then face more decline.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck