Hello dear friends! Please discuss with me!
BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600.
Overall, the previous downtrend is also being favored as the uptrend line has been broken and the EMAs 34 and 89 have turned. Based on current analysis, in the short to medium term, a selling strategy seems appropriate with a price target of around 62,000 USD.
BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600.
Overall, the previous downtrend is also being favored as the uptrend line has been broken and the EMAs 34 and 89 have turned. Based on current analysis, in the short to medium term, a selling strategy seems appropriate with a price target of around 62,000 USD.
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