BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
BTCUSDT running in negative trend and its immediate strong resistance are 67500 to 69250 level . Stop loss is 69500 level and it can fall towards 60000 level positionally because of abc pattern formation .Intraday purpose selling is better for targets 67100,66850 and 66700 levels respectively with stop loss 68500 level because 5 minute chart showing calculation for fall below 66000 with immediate resistance 67700 to 68130 level .
QUICK FUNDAMENTAL LOOK
Bitcoin can still drop below $50,000 if what remains of bid support gives way, new analysis warns.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .