Market Analysis of BTCUSDT on Tuesday 8 OCTOBER 2024

2024-10-08 12:04Source:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


 BTCUSDT running in negative trend and its immediate strong resistance are 62700 to 63270 level .  Stop loss is 64480 level and it can fall  below 62132 level because of irregular correction at that level on 5 minute chart  .Intraday purpose selling is better for targets 62500,62300 and 62000 levels respectively with stop loss 64500 level.


QUICK FUNDAMENTAL LOOK                                                                    


Some analysts assert that Bitcoin benefits from the ever-growing United States federal debt; however, while this correlation appears valid, it has minimal influence on short-term price trends.

 

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

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