Based on the H4 chart, BTCUSDT is currently moving within a downward channel, with strong resistance around 68,770 USDT. Price has failed to break through this level in recent sessions, indicating that selling pressure is taking control. This could cause BTCUSDT to continue declining towards the support level of 64,800 USDT, where price has previously reacted.
In terms of news, BTCUSDT is facing pressure from a lack of upward momentum and a weakening market sentiment. While there is inflow from ETFs, there is no clear signal to push the price up, and the USD continues to dominate the market. If the support cannot hold, BTC may continue to drop to the 64,000 USDT region.
In summary, BTCUSDT is likely to decrease slightly in the next 24 hours. The 68,770 USDT resistance will be the key level, and if it is not broken, the price may head towards lower support levels.
In terms of news, BTCUSDT is facing pressure from a lack of upward momentum and a weakening market sentiment. While there is inflow from ETFs, there is no clear signal to push the price up, and the USD continues to dominate the market. If the support cannot hold, BTC may continue to drop to the 64,000 USDT region.
In summary, BTCUSDT is likely to decrease slightly in the next 24 hours. The 68,770 USDT resistance will be the key level, and if it is not broken, the price may head towards lower support levels.
LEVEL UP YOUR TRADING
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
LEVEL UP YOUR TRADING
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.