BTC/USDT – 1H – BUYThe pair jumps from the descending trendline up.
A bullish movement upwards to the next resistance at 67836.010000000 will continue.
Caution: A possible trend reversal in the direction of the support line at 66644.180000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 67267.1716 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 67836.010000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 69519.520000000 |
| Next High | 67836.010000000 |
| Current Price | 67432.010000000 |
| Next Low | 66644.180000000 |
| 2nd Low | 66571.420000000 |
| 3rd Low | 64800.010000000 |