BTC/USDT – 4H – SELLThe currency pair jumps from the ascending trendline downwards
A bearish trend down to the next support line at 62050.000000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 69519.520000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 64232.76 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 69519.520000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 69519.520000000 |
| Current Price | 66530.000000000 |
| Next Low | 62050.000000000 |
| 2nd Low | 58946.000000000 |
| 3rd Low | 57493.300000000 |