🛑🛑🛑🛑Detailed analysis of BTC/USDT 🛑🛑🛑🛑$BTC $NOT $ALICE

Technical analysis

On the BTC/USDT chart on the 4-hour time frame, you can notice the following key points:

  • Period: From March to June 2024.

  • Current price: $68,587.52, which is 0.22% higher than the previous one.

  • Rising Support: At around $66,893.27.

Indicator

  1. Ichimoku (Ichimoku Cloud):

    • The price is near the Ichimoku cloud, which may indicate uncertainty in the market.

    • The support and resistance lines are located at the levels of $68,106.26 and $68,714.31, respectively.

  2. SAR (Parabolic SAR):

    • The SAR points are below the price, which confirms the uptrend.

  3. Moving averages (MA):

    • 25-day SMA at $68,714.31.

    • 99-day SMA at $68,106.26.

What does this mean for investors?

If the price can stay above the ascending support and continue to rise, we can expect a continuation of the bullish rally 🐂🚀. However, you should be careful as the price is near the Ichimoku cloud, which may indicate uncertainty in the market.

Conclusion

Investors should keep a close eye on the $68,587.52 level. A successful retest of this level could lead to further growth. Be careful and good luck in the market! 📈💰

#cryptousdua