BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 94256.540000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 107793.070000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 96398.39 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 107793.070000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 107793.070000000 |
| Current Price | 95608.020000000 |
| Next Low | 94256.540000000 |
| 2nd Low | 94150.050000000 |
| 3rd Low | 90500.000000000 |