BTCUSDT: Update the latest strategies with high efficiency
Dear friend, what do you think about the next trend of BTCUSDT?
Currently, the cryptocurrency market continues to trade in a downtrend. At the time of writing this article, the price is trading below the resistance level of $51,500 as marked on the chart. The downtrend is strong as it is consolidating below two exponential moving averages, EMA 34 and 89.
Therefore, it would not be surprising if the market continues to decline. First, the price will retest the previous resistance zone, which is also a convergence area of three bearish factors: the downtrend line, EMAs, and psychological resistance. This downward movement is expected to reach the level of $49,200. What are your thoughts on this matter? Do you agree with me?
Currently, the cryptocurrency market continues to trade in a downtrend. At the time of writing this article, the price is trading below the resistance level of $51,500 as marked on the chart. The downtrend is strong as it is consolidating below two exponential moving averages, EMA 34 and 89.
Therefore, it would not be surprising if the market continues to decline. First, the price will retest the previous resistance zone, which is also a convergence area of three bearish factors: the downtrend line, EMAs, and psychological resistance. This downward movement is expected to reach the level of $49,200. What are your thoughts on this matter? Do you agree with me?
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