BTCUSDT: Continue selling or should buy?
Based on the chart provided, the short-term bearish strategy for BTCUSDT could be as follows:
Resistance: The key resistance level is around 65,917.43 USD.
Support: The immediate support zone is between 61,497 - 61,728 USD.
Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD.
It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
Resistance: The key resistance level is around 65,917.43 USD.
Support: The immediate support zone is between 61,497 - 61,728 USD.
Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD.
It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
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