Market Analysis of BTCUSDT on Thursday 10 OCTOBER 2024

2024-10-10 17:28Fonte:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW  


BTCUSDT running in negative trend and its immediate strong resistance are 61300 to 61900 level .  Stop loss is 62200 level and it can fall towards 59800 level because of ABC pattern  at that level on 5 minute chart  .Intraday purpose selling is better for targets 60800,60700 and 60600 levels respectively with stop loss 62200 level.


QUICK FUNDAMENTAL LOOK                                                                    


Bitcoin’s price troubles continued in the past 24 hours as the asset dropped toward $60,000 for the first time in about a week.

 

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

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