BTC/USDT Daily Analysis - Key Resistance and Support Leve
Description:
Current BTC/USDT price: 26,650 USDT (Daily Chart)
Daily Resistance Levels: 26,600, 27,670, 29,670
Weekly Resistance Range: 31,500 - 31,900
Monthly Resistance Range: 37,500 - 39,500
4-Hour Support: 26,220
1-Hour Support: 25,840
Analysis:
From my previous idea, the price successfully bounced from the 25125-24850 daily support. This means that the bulls have found their reversal level and ready to make another higher high in the daily TF.
Here are the key scenarios
- A daily candle close above 26,600 could signal a potential upward move towards 27,670.
- If momentum remains strong, the weekly resistance range of 31,500 - 31,900 could come into play.
- A breakthrough above the weekly resistance might lead to a test of the monthly resistance range from 37,500 to 39,500.
- However, if the price fails to breach 26,600, a decline may occur, possibly reaching the 4-hour support at 26,220 and further down to the 1-hour support at 25,840.
Please ensure you keep monitoring the price action and adjust your strategy accordingly. Use confluences like Rsi, candlestick patterns or chart patterns before entries.
Current BTC/USDT price: 26,650 USDT (Daily Chart)
Daily Resistance Levels: 26,600, 27,670, 29,670
Weekly Resistance Range: 31,500 - 31,900
Monthly Resistance Range: 37,500 - 39,500
4-Hour Support: 26,220
1-Hour Support: 25,840
Analysis:
From my previous idea, the price successfully bounced from the 25125-24850 daily support. This means that the bulls have found their reversal level and ready to make another higher high in the daily TF.
Here are the key scenarios
- A daily candle close above 26,600 could signal a potential upward move towards 27,670.
- If momentum remains strong, the weekly resistance range of 31,500 - 31,900 could come into play.
- A breakthrough above the weekly resistance might lead to a test of the monthly resistance range from 37,500 to 39,500.
- However, if the price fails to breach 26,600, a decline may occur, possibly reaching the 4-hour support at 26,220 and further down to the 1-hour support at 25,840.
Please ensure you keep monitoring the price action and adjust your strategy accordingly. Use confluences like Rsi, candlestick patterns or chart patterns before entries.