Market Analysis of BTCUSDT on Thursday 6 JUNE 2024

2024-06-06 18:09Fonte:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW

 BTCUSDT running in positive trend and its immediate strong support are 69500 to 70200 level .  Stop loss is 69300 level and it can rise above 73765 level or higher levels positionally .Intraday purpose buying is better for targets 71150,71300 and 71500 levels respectively with stop loss 69300 level .

QUICK FUNDAMENTAL LOOK  

                                                     

Bitcoin’s open interest (OI) surged over $2 billion in just three days, leading traders to believe it may trigger a sudden “whipsaw” effect on its price.

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

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