Market Analysis of BTCUSDT on Friday 3 November 2023

2023-11-03 19:38Source:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW      

BTCUSDT is running in  positive trend and its support area is 32140 to 33460 and overall trend  stop loss is 31050.It can rise  upward above 36000 level sharply because it has made irregular correction or complex correction at 36000 levels .Intraday purpose buying can be done with stop loss 31050 stop loss for 34400,34600 and final target 34800 levels .

 QUICK FUNDAMENTAL LOOK                                                                     

In the highly volatile realm of cryptocurrency trading, an astonishing $110 million worth of long positions have been liquidated within a mere 24 hours. Bitcoin and Binance have emerged as the primary contributors to this sweeping wave of liquidation.

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

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