Bitcoin / TetherUSShort
BTCUSDT: What will happen this week?
Dear friends, as predicted earlier, BTCUSDT continues its downward trend, currently at $41,178, marking a decrease of nearly 1.08% for the day.
Technical analysis indicates that BTC has been unable to surpass the crucial resistance level at $43,600. Furthermore, the convergence of EMA and the resistance zone at $42,238 further suggests the possibility of further decline. If BTCUSDT breaks below the strong support level at $40,200, we may witness a significant drop compared to the initial profit-taking point of around $37,700 for sellers, as there is no solid support to reverse the previous trend.
What are your thoughts on how BTCUSDT will evolve in the near future?
Technical analysis indicates that BTC has been unable to surpass the crucial resistance level at $43,600. Furthermore, the convergence of EMA and the resistance zone at $42,238 further suggests the possibility of further decline. If BTCUSDT breaks below the strong support level at $40,200, we may witness a significant drop compared to the initial profit-taking point of around $37,700 for sellers, as there is no solid support to reverse the previous trend.
What are your thoughts on how BTCUSDT will evolve in the near future?
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