BTCUSDT.P continues to update lows within the global downtrend. The retest of 91K confirmed the dominance of bears...The downtrend continues. The technical and fundamental situation for the crypto market is neutral to weak.
Bearish pressure held back the attempt to rise relative to 91K. The market is weak and not ready for growth. The subsequent decline broke the local structure, which generally indicates a bear market, but after updating the local minimum to 83700, a countertrend correction is forming. Zone of interest/break-even zone - 89K - 90K. A quick retest of these levels could trigger a downward pullback.
Resistance levels: 89K, 90K
Support levels: 85,400, 83,400
A retest of the range boundary and zone of interest could trigger a liquidity squeeze and a further decline if the bears keep the price below these boundaries.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.