Dear friends, BTCUSDT continues to gain some recovery momentum as it reclaims the 73,900 level, but the main and long-term trend remains horizontal.
The price is approaching the psychological resistance level of 73,908 and BTCUSDT is approaching the limit of the Bollinger Bands. A downside correction is expected once the pair reaches the USD 61,610 support levels.
In general, at this time the market will move within the range, inside the correction range will develop. Trading will take place between levels.
Based on the current market structure and price behavior, we are more likely to catch a correction in the market.
What about you, what do you think about BTCUSDT?
The price is approaching the psychological resistance level of 73,908 and BTCUSDT is approaching the limit of the Bollinger Bands. A downside correction is expected once the pair reaches the USD 61,610 support levels.
In general, at this time the market will move within the range, inside the correction range will develop. Trading will take place between levels.
Based on the current market structure and price behavior, we are more likely to catch a correction in the market.
What about you, what do you think about BTCUSDT?
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