BTCUSDT: Sudden drop shock
Hello, dear BTCUSDT traders! 👋🚀
Let's take a fresh look at BTCUSDT today. Following an unexpected plunge last weekend, from a soaring high of 48,900 USD, BTCUSDT has slid down to 42,666 USD. Quite the dramatic scene!
Technical analysis suggests the bears are currently leading the charge, with BTC shedding nearly 6000 USD in a short span. The 4-hour chart and the EMA 34 are leaning towards a continued downward trend.
Given the current scenario, I recommend prioritizing a selling strategy, aiming for a short-term target of 40,700 USD.
What about you? What are your predictions and strategies for BTCUSDT's next moves? Do share your thoughts! 📉💡
Let's take a fresh look at BTCUSDT today. Following an unexpected plunge last weekend, from a soaring high of 48,900 USD, BTCUSDT has slid down to 42,666 USD. Quite the dramatic scene!
Technical analysis suggests the bears are currently leading the charge, with BTC shedding nearly 6000 USD in a short span. The 4-hour chart and the EMA 34 are leaning towards a continued downward trend.
Given the current scenario, I recommend prioritizing a selling strategy, aiming for a short-term target of 40,700 USD.
What about you? What are your predictions and strategies for BTCUSDT's next moves? Do share your thoughts! 📉💡
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.