Technical Analysis BTC/USDT Chart - June 10

📈 Price Trends and Candlestick Patterns

Price trend: Down from $72,144.00 to $69,491.30 after a strong increase. Candlestick pattern: Shows indecision, may continue to decrease or reverse.

📊 Trading Volume

Volume decreased during the consolidation phase, possibly preparing for a strong move.

📏 Fibonacci Retracement Level

0.236 Level: $69,287.40 0.382 Level: $68,933.30 0.5 Level: $68,774.50 0.618 Level: $68,615.70 0.786 Level: $68,143.80

📉 Current Price and Resistance

Current price: $69,491.30, just above the 0.236 Fibonacci level ($69,287.40).Resistance: 0.5 and 0.618 levels at $68,774.50 and $68,615.70.

📊 Indicator

Bollinger Bands: Price near the middle band, potentially volatile. MACD: Downward momentum is decreasing, could reverse. Stochastic RSI: Near oversold zone, could be a buying opportunity.

📌 Conclusion

Bitcoin is in a consolidation phase. Fibonacci levels are key support and resistance points.

🔍 Recommended:

Entry: $69,491.30 (current price)

TP: $70,550

SL: $68,933

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