Market Analysis of BTCUSDT on Wednesday 11 October 2023

2023-10-11 12:26Source:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

  BTCUSDT is running in wave c or wave 3 so its minimum downside target is at 26870 without touch 27880 .It can fall more towards 26500 level sharply as well .For intraday 27000,26900 and 26800 final target respectively with stop loss 27780 .

 QUICK FUNDAMENTAL LOOK                                                                     

Bitcoin Price Slides As Bombs Rain on Gaza And Deaths Toll Rise.Bitcoin price is moving lower below the $27,200 support. BTC could decline further if the Israel-Hamas war escalates in the near term.

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

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