Market analysis of BTC/USDT pair
Time range: 15 minutes
Current price: 61,996.01 USDT
Support and resistance levels:
Resistance levels:
- 67,384.48 USDT
- 66,269.42 USDT
- 64,154.50 USDT
- 63,036.03 USDT
- 62,157.98 USDT
Support levels:
- 61,996.00 USDT
- 61,755.23 USDT
- 61,541.25 USDT
- 61,395.19 USDT
- 61,193.90 USDT
- 60,924.52 USDT
- 60,161.45 USDT
- 58,928.00 USDT
- 55,698.02 USDT
Buy and sell signals:
Sell signal: 61,139.67 USDT
Another sell signal: 64,418.81 USDT
Buy signal: 60,720.83 USDT
Technical analysis:
The data in the image indicates strong market volatility. Prices range across multiple resistance and support levels, reflecting hesitation among investors. There are strong sell signals at the 61,139.67 USDT and 64,418.81 USDT levels, indicating there may be selling pressure at these points. In contrast, a buy signal at 60,720.83 USDT indicates that there is buying interest at this point, which could push the price higher again.
Recommendations:
For short-term investors: It is recommended to monitor the support levels at 61,755.23 USDT and 61,541.25 USDT, and use them as potential entry points to buy.
For medium and long term investors: Resistance levels can be considered as profit taking targets, especially at 67,384.48 USDT and 66,269.42 USDT.
Notice:
It is always recommended to conduct your own analysis and follow economic news affecting the cryptocurrency market before making any investment decisions.
