Market Analysis of BTCUSDT on Friday 18 August 2023

2023-08-18 12:40Source:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    

   Btcusdt running in downtrend and its trend is negative as strong resistance 26734 to 27700 level holds and it can fall towards 20800 minimum.It is running in strong resistance presently so  we can sell it with stop loss 27800 for downside intraday targets 26300,26200 and 26000 respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

Bitcoin’s price plummeted on Thursday to $25,300, touching lows the asset has not seen in the past two months.The event triggered nearly $1 billion in liquidations across the entire crypto market.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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