BTC/USDT Analysis – September 23, 2024 (21:00 UTC+5:30)
In my last update, I suggested a potential long entry for a quick scalp if BTC broke above $64,200. The price did reach that level and went up to $64,700, offering a 500-point move. If you managed to catch that trade, I hope you secured some profits!
Currently, BTC has retraced from $64,700 and is consolidating around $63,100. We can consider a short sell opportunity if the price breaks the recent support at $62,950.
Short Sell Targets:
TP 1: $62,750
TP 2: $62,550
TP 3: $62,350
As always, manage your risk and trade carefully around key levels.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly volatile and can lead to significant losses. Always do your own research and consult with a professional before making any trading decisions. Past performance is not indicative of future results.
