BTC/USDT – 4H – SELLThe currency pair jumps from the ascending trendline down.
A descent down to the next support line at 59828.110000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 66498.000000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 59420.3058 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 66498.000000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 66498.000000000 |
| Current Price | 61723.380000000 |
| Next Low | 59828.110000000 |
| 2nd Low | 57493.300000000 |
| 3rd Low | 55545.190000000 |