Karina_Bella

BTCUSDT: Approaching a solid defense zone

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello dear friends !

Yesterday BTCUSDT continued to experience a price decline, the price fell to 41,284 USD and approached the strong support level at 40,500 USD. This is a quite important price level that has helped BTCUSDT bounce up many times. If the price continues to fall stronger and breaks through this support zone, it will quickly drop to 37,700 USD.

The trend of BTCUSDT in general is still very vague, so please be cautious when trading by placing full TP and SL!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.