BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support level at 85229.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 91790.000000000 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 likely expected. Target of the current trend is 83710.38 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 91790.000000000 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 | 91790.000000000 |
| Current Price | 87325.590000000 |
| Next Low | 85229.000000000 |
| 2nd Low | 78473.130000000 |
| 3rd Low | 75714.660000000 |