📊 Technical Analysis
▪️BTC/USDT Timeframe D1
Yesterday, July 24, was a bearish pinbar candle with prices closing close to the bottom, continuing to show selling pressure from the Bears.
As of today, July 25, the price has reached the small support zone at $63.4xx and bounced up. However, you need to wait until tomorrow morning, July 26, to close candle D1 to know that the downward momentum has been stopped. or not.
If#BTCcloses above $65,700, a Bullish Hammer candle will form, we will continue to see the $68k mark.
▪️BTC/USDT Timeframe H4
H4 has formed a clear downtrend. At this time, the milestones that need special attention are the resistance area around $65.6xx and the LH peak of $67,100.
Following the trend on TimeFrame H4, we have a new short point at $65.6xx, stop loss at $67,100, target at $62k.
The long-term trend of BTC is up, short-term is down.
▪️Milestones to pay attention to: 60000 - 62500 - 63400 - 65600 - 67100 - 68300
* The above is purely personal opinion, not investment advice!
#Write2Win #VietNamCryptoTrading
