📊 Technical analysis of BTC/USDT

Current situation on the chart

  1. Current price: 68451.80 USDT 💵

  2. Key resistance levels:

    • 68984.30 USDT (Ichimoku upper limit) 📈

    • 67408.13 USDT (SAR) 📉

    • 64874.05 USDT (MA 99) 🚀

      $BTC

Indicator

  1. Parabolic SAR (Stop and Reverse):

    • SAR points are located below the current price, indicating an uptrend. This signals that buying pressure remains high. 🟢

      $BTC

  2. Ichimoku Cloud:

    • The price is above the cloud, indicating an uptrend. 🌥️

    • Ichimoku Cloud provides support around 64714.05

      USDT. ⛅

Channels and trend lines

  1. Rising trend line:

    • The price moves above the rising trend line, which confirms the bullish trend. 📏

    • The lower boundary of the ascending channel is located around 64542.20 USDT, which is an important support level. 🔄

  2. Horizontal support and resistance levels:

    • An important support level is located at 64714.05 USDT. A break of this level could lead to a significant decline to the next support level at 64542.20 USDT. 🔔

    • The resistance level 68984.30 USDT is important for the continuation of the uptrend. 🛤️

Volumes

  • The trading volume is 33.203K, which indicates moderate activity in the market. 📊

Conclusions and recommendations

  1. Support and resistance:

    • Maintaining the current price above the 64542.20 USDT level will be critical to prevent further decline. ⛳

    • A break through the resistance level at 68984.30 USDT may signal a continuation of the uptrend. 🚦

  2. Trading strategy:

    • For bulls (buyers): It is worth entering long positions when the level of 68984.30 USDT is broken through with targets at the level of 70,000 USDT and further up to 75,000 USDT. 📈

    • For bears (sellers): Entering short positions is worth breaking through the support level of 64542.20 USDT with targets at 60,000 USDT. 📉

  3. Technical indicators:

    • Closely monitor changes in parabolic SAR and Ichimoku cloud for confirmation of trend changes. 🔍

    • Using other technical indicators can help identify key resistance and support levels in the near term. 🌫️

It is highly recommended to monitor news and macroeconomic events that may impact the price of BTC/USDT. 📅

#cryptousdua #Bitcoin