Timeframe: H4
Trend: Continuation of the downtrend since 7th June 2024.
Support/Resistance: If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower.
TSRI MACD: No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing.
Next key support is at 56847
Trend: Continuation of the downtrend since 7th June 2024.
Support/Resistance: If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower.
TSRI MACD: No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing.
Next key support is at 56847
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.