📊 Technical analysis of BTC/USDT
Current situation on the chart
Current price: 68451.80 USDT 💵
Key resistance levels:
68984.30 USDT (Ichimoku upper limit) 📈
67408.13 USDT (SAR) 📉
64874.05 USDT (MA 99) 🚀
Indicator
Parabolic SAR (Stop and Reverse):
SAR points are located below the current price, indicating an uptrend. This signals that buying pressure remains high. 🟢
Ichimoku Cloud:
The price is above the cloud, indicating an uptrend. 🌥️
Ichimoku Cloud provides support around 64714.05
USDT. ⛅
Channels and trend lines
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. 🔄
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
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. 🚦
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. 📉
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. 📅