BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 94640.000000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 96221.800000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 93999.655 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 96221.800000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98871.800000000 |
| 2nd High | 97208.210000000 |
| Next High | 96221.800000000 |
| Current Price | 95575.990000000 |
| Next Low | 94640.000000000 |
| 2nd Low | 92847.840000000 |
| 3rd Low | 90791.100000000 |