FinTechMe

BTCUSDT Analytical review

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BINANCE:BTCUSDT   Bitcoin / TetherUS
The medium-term trend of the instrument is downward. The current market strength on a scale of zero to one hundred is 28. It is recommended to work on the sell side. Locally, the price is also decreasing and currently accelerating, breaking below the lower boundary of the rising channel at the level of 22600.27, which indicates a possible end of the correction and a resumption of medium-term decline. Speculatively, in the current situation, it is also recommended to work on the sell side. In case of a false breakout, a return to the rising channel and a consolidation above the level of 22600.27, it is possible to make speculative purchases with the goal of reaching the upper boundary of the channel at 26176.84. A change in the medium-term trend to rising can only be discussed when the price is consolidated above the level of 24883.08.
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