📉 Current situation:
BTC/USDT is in a downward channel, while the price is under pressure from resistance levels. The price is now below all major moving averages (MA 7, MA 25, MA 99).
📌 Key levels:
Resistance: $66,297 (MA 7), $61,533 (MA 25), $64,397 (MA 99)
Support: $60,980, $61,475 (SAR)
🔍 Indicator:
SAR: Indicates a downtrend as the SAR points are above the current price.
Ichimoku: The price is below the cloud, which also confirms the downward trend.
🚀 Potential growth:
If BTC breaks through the current resistance and settles above $66.297, it could indicate the start of a new uptrend. It is important to monitor trading volumes to confirm the strength of the movement.
⚠️ Risks:
A continuation of the downward trend is possible if the price fails to overcome the resistance level and falls below the support level of $60,980.
💡 Conclusion:
The current trend remains bearish. Investors are advised to exercise caution and monitor key trading levels and volumes to make decisions.
