BTCUSDT has just completed a double top pattern on the 1-hour chart. The price is currently at the support level of 51,100 USD, and the technical outlook leans towards the bears, with the 34 EMA indicating a reversal.
The resistance level at 51,440 is forming a convergence zone with the EMA, and I am leaning towards a sell position for today's BTCUSDT trading. Do you agree with this assessment?
The resistance level at 51,440 is forming a convergence zone with the EMA, and I am leaning towards a sell position for today's BTCUSDT trading. Do you agree with this assessment?
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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.