BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
BTCUSDT running in negative trend and its immediate strong resistance area are 94000 to 96000 level . Stop loss is 96500 level and it can fall below 89000 level in short term because WAVE C is going on part of irregular correction downwards. Intraday purpose selling is better for targets 91600, 91400 and 91200 levels respectively with stop loss 96500 level.
QUICK FUNDAMENTAL LOOK
Bitcoin’s recent price drop is being attributed to long-term holders rather than institutional investors, despite initial speculation to the contrary.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .