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FinTechMe
Feb 24, 2023 8:03 PM

BTCUSDT Analytical review 

Bitcoin / TetherUSBinance

Description

Currently, there is global uncertainty in the instrument. The current market strength on a scale from zero to one hundred is 34.4. If the correction continues and the price drops below the level of 23118.35, it can be said that the medium-term growth is broken and a downtrend is developing, but if the price rises above the level of 25250, it will confirm an uptrend and may lead to its strengthening. Locally, the price formed a rising channel but has already broken it downwards. If this movement continues, it may indicate a reversal of the medium-term trend downwards. On the other hand, if the price returns inside the channel, it will indicate a continuation of the sideways market sentiment, and in this case, speculative deals on the rebound from the channel borders are possible. Short from the level of 25691.78, long from the level of 24444.02. In case of further upward movement and consolidation above the level of 25691.78, the probability of developing a local uptrend increases, and as a result, the resumption of medium-term growth

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BTCUSDT Analytical review.
Currently, there is global uncertainty in the instrument. The current market strength on a scale from zero to one hundred is 32.8. If the correction continues and the price drops below the level of 23118.35, it can be said that the medium-term growth is broken and a downtrend is developing, but if the price rises above the level of 25250, it will confirm an uptrend and may lead to its strengthening. Locally, the price formed a rising channel but has already broken it downwards. If this movement continues, it may indicate a reversal of the medium-term trend downwards. On the other hand, if the price returns inside the channel, it will indicate a continuation of the sideways market sentiment, and in this case, speculative deals on the rebound from the channel borders are possible. Short from the level of 25759.41, long from the level of 24511.65. In case of further upward movement and consolidation above the level of 25759.41, the probability of developing a local uptrend increases, and as a result, the resumption of medium-term growth
Comments
SwallowPremium
It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now. Thank you!
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