Market Analysis of BTCUSDT on Tuesday 6 AUGUST 2024

2024-08-06 20:02Fonte:BtcDana

BTCUSDT  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 49000 level . It can rise towards 75000 level   .Intraday purpose buying is better with stop loss 49000 level expecting intraday targets 55400 , 55700 and 56000 levels respectively .Strong support  area is 52000 to 60500 level . Wave 5 can take bitcoin towards 75000 dollar level from this major support .

QUICK FUNDAMENTAL LOOK

                                                                   

Although there has recently been a notable decline in the price of Bitcoin, there are indications that a significant upswing may be imminent.

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

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