Bitcoin / TetherUSShort
BTCUSDT - Main Target 25250 Support Level
Updated
Hi guys, let's review the current situation for BTCUSDT on 4 hour price chart.
Last week the price of BTC jumped from 26400-25900 support area to 28350-28033 resistance area. It seems like it was a fake breakout of 27560-27300 resistane area as price quickly went back under this resistance area. The price of BTC almost touched 26400-25900 support area reaching 26540 price. Now on the market slight correction and it can go up to 27500 or so.
I don't expect significant price rise from the current levels and reckon that the price will continue to fall. The first stop here will be 26400-25900 support area but I'm pretty sure that the price will reach 25250 support level.
Previously, 25250 price level was a resistance but now it's main support level.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
Last week the price of BTC jumped from 26400-25900 support area to 28350-28033 resistance area. It seems like it was a fake breakout of 27560-27300 resistane area as price quickly went back under this resistance area. The price of BTC almost touched 26400-25900 support area reaching 26540 price. Now on the market slight correction and it can go up to 27500 or so.
I don't expect significant price rise from the current levels and reckon that the price will continue to fall. The first stop here will be 26400-25900 support area but I'm pretty sure that the price will reach 25250 support level.
Previously, 25250 price level was a resistance but now it's main support level.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
Note
As it was described in original idea BTC price plunged almost to the main support level. I don't expect price to go significantly lower than 25250-25000.Note
Everything goes as expected so far. Waiting for another fall.
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