BTC/USDT – 30M – SELLThe pair jumps from the ascending trendline down.
A descent downwards to the next support level at 59618.260000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 61320.000000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 59406.65 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 61320.000000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 64039.200000000 |
| 2nd High | 63878.780000000 |
| Next High | 61320.000000000 |
| Current Price | 60241.070000000 |
| Next Low | 59618.260000000 |
| 2nd Low | 57493.300000000 |
| 3rd Low | 57345.230000000 |