BTCUSDT Analysis on H4 timeframe 6/6

6 giu 2023

- BTC is currently in a downtrend, so we should wait for a retracement and then consider short positions.
- The resistance levels range from mild to strong, with significant ones at 25,845 and 26,622. Pay attention to the convergence at the 26,622 level with the trendline.
- The trend is your friend, so wait for a retracement and then take short positions. Going long in this zone carries considerable risk. Therefore, we won't provide support levels as there is insufficient data for analysis.