BTC / USDT analysis
Bitcoin has two active losses with a long position.
The first with a loss limit coefficient of 1% between 49 high and 46.4 low
The latter with a loss limit coefficient of 5% between 57.8 high and 54 low
And its key balance is 64
Bitcoin has an upward trend towards the key level, so it is defined according to whether it is above or below the key level. If it approaches the key level (64) and is again in the downtrend and loses the support of 61.2 and breaks the uptrend channel , the downtrend is confirmed and the price is drawn to the active loss limit with the second long position if low 54 We face a further downward correction as a result of which the price is pulled towards the level of the first active loss. And if the price stabilizes at 54 low and goes to the high level of 57.8 of the second active loss level, the uptrend of bitcoin will be confirmed until it reaches the key level.
In its bullish theory, after the price of Bitcoin approached the key level and was above the key level and broke the resistance of 65.6, the confirmed uptrend will go to $ 80,000 without any correction after breaking its previous ceiling.
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