Market Analysis of BTCUSDT on Monday 31 July 2023

2023-07-31 19:02Fonte:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    

 Btcusdt  is running in positive trend and immediate good support area is 28500 to 29400 . Overall it is looking for rally above 31800 because at top it has made irregular correction so it can fly towards 318000 sharply anytime with stop loss 28100.Inner calculations of last move showing 29214 to 29432 is very good support and upside rally towards 29700 above and it can fly non stop towards 30350 level and stop loss is 28850.

 QUICK FUNDAMENTAL LOOK                                                                     

Bitcoin (BTC) Regains Momentum: Can It Reach $30,000 Once More?The price of Bitcoin (BTC) broke down from a horizontal resistance area on July 21, the culmination of a downward movement that had begun eight days before.

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

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