Bitcoin / TetherUSSingkat
BTCUSDT False Breakout to Bearish Engulfment
It seems like you're analyzing Bitcoin (BTC) against the USDT pair, suggesting a potential breakdown scenario if BTC price drops below $68,500. Based on your analysis:
- **Resistance Level:** $69,500
- **Target Points To Down Ward:** $65,000 and $61,000
- **Breakdown Point:** $68,500
If the price fails to hold above $68,500, a bearish move may be expected, potentially targeting the next support levels at $65,000 or even $61,000. The market appears to be in a consolidation phase below $69,500, indicating a struggle to break higher. A breakdown below $68,500 could lead to further downside momentum.
In this kind of setup, closely monitoring the price action around these key levels would be crucial for determining whether the bearish scenario will play out.
You May fine more Details in the chart.
PS Support with like and comments if you find thus analysis useful For your Trading Day.
- **Resistance Level:** $69,500
- **Target Points To Down Ward:** $65,000 and $61,000
- **Breakdown Point:** $68,500
If the price fails to hold above $68,500, a bearish move may be expected, potentially targeting the next support levels at $65,000 or even $61,000. The market appears to be in a consolidation phase below $69,500, indicating a struggle to break higher. A breakdown below $68,500 could lead to further downside momentum.
In this kind of setup, closely monitoring the price action around these key levels would be crucial for determining whether the bearish scenario will play out.
You May fine more Details in the chart.
PS Support with like and comments if you find thus analysis useful For your Trading Day.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.