BTC/USDT – 1H – SELLThe combination jumps from the ascending trendline down.
A bearish descent downwards to the next support at 68010.000000000 is certain.
Caution: A possible change in the direction of the resistance zone at 69000.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 67359.8 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 69000.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 69000.000000000 |
| Current Price | 68699.360000000 |
| Next Low | 68010.000000000 |
| 2nd Low | 66666.000000000 |
| 3rd Low | 64800.010000000 |