Market Analysis of BTCUSDT on Wednesday 6 NOVEMBER 2024

2024-11-06 18:56Fonte:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


BTCUSDT running in positive trend and its immediate strong support on 15 minute chart are 71875 to 73000 level .  Stop loss is 71000 level and it can rise towards 76000 level  in form of wave 5 minimum requirement .Intraday purpose buying is better for targets 74000 , 74250 and 74500 levels respectively with stop loss71000 level.


QUICK FUNDAMENTAL LOOK                                                                    


According to data from CryptoCompare, the price of Bitcoin surpass its $73,800 record seen in March over the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States, to reach a new $75,390.26 all-time high over Trump’s expected victory in the elections.


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

Mais