BTC/USDT Update ( Key Level to Watch)
I' m anticipating a breakout soon!!!
I've been closely monitoring the BTC/USDT pair on Binance, and here’s a quick update on my current strategy. As you can see from the chart:
1. Trend Lines: I've drawn some key trend lines to identify support and resistance levels. The red line is a critical support trend line while the blue line indicates resistance.
2. Moving Averages: The chart includes 5-period (yellow) and 10-period (purple) moving averages which help in identifying short-term trends.
3. RSI Indicator: The Relative Strength Index (RSI) is at 50.8, indicating a neutral market without clear overbought or oversold conditions.
4. Volume: Notable spikes in volume can be seen which may indicate upcoming price movements.
Key Levels to Watch:
- Resistance at 66,800 USDT
- Support at 65,254.5 USDT
I'm anticipating a potential breakout soon. Keep an eye on these levels and adjust your trades accordingly $BTC #btcupdates