Market Analysis of BTCUSDT on Monday 17 JUNE 2024

2024-06-17 18:54Source:BtcDana

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 65950,65800 and 65600 levels respectively with stop loss 68000 level because 5 minute chart showing calculation showing resistance 66700 to 67700 level resistance and intraday stop loss 68000 level .

QUICK FUNDAMENTAL LOOK  

                                                         

Four years have passed since Tesla stopped accepting Bitcoin, citing environmental concerns.While the Bitcoin mining industry has reportedly increased its share of renewable energy consumption, Tesla doesn’t appear ready to return to Bitcoin payments anytime soon.

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

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