BTC/USDT – 4H – SELLThe pair moves from the bullish trendline downwards
The bearish trend downwards to the next support at 57493.300000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 66498.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 57889.09134 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 66498.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 66498.000000000 |
| Current Price | 60354.000000000 |
| Next Low | 57493.300000000 |
| 2nd Low | 55545.190000000 |
| 3rd Low | 53629.010000000 |