BTC/USDT – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 60753.970000000 is considered certain.
Caution: A possible change in the direction of resistance at 63200.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 60753.97 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 63200.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66076.120000000 |
| 2nd High | 64478.190000000 |
| Next High | 63200.000000000 |
| Current Price | 61031.980000000 |
| Next Low | 60753.970000000 |
| 2nd Low | 59828.110000000 |
| 3rd Low | 59174.800000000 |