master-in-chart

daily analysis of BTC

BINANCE:BTCUSDT   Bitcoin / TetherUS
according to the chart, one can see that BTC is under the yellow and pink trend. both descending trend lines make a triangle pattern with the middle of the ascending channel. BTC is also confined between two moving averages 100 and 50.
In my opinion, the price tend to reduce and touch the lower moving average. then the next target might be the orange line
Trade active

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.