Bitcoin Short Term Chart Analysis
#BTCUSDT Technical Analysis
Current Price: $29240
The BTC chart indicates that the $29800 support level has been broken, signaling a bearish trend below this level.
Previously, there was a potential bull flag formation, but unfortunately, it broke downwards due to liquidated high leverage positions.
Short-term target: $27000 within the next few days.
Potential retest of $29800 before heading to $27000, making it a good short entry point.
Important: If you plan to open a short position, ensure to set a stop loss at $30380 for a safe zone. (Please don't consider wicks for stop loss)
Support Levels: $27200
Resistance Levels: $29800 / $31400
Remember, always exercise caution and avoid revenge trading. Make sure to place a stop loss for every trade.
Follow us for more trading signals.
Current Price: $29240
The BTC chart indicates that the $29800 support level has been broken, signaling a bearish trend below this level.
Previously, there was a potential bull flag formation, but unfortunately, it broke downwards due to liquidated high leverage positions.
Short-term target: $27000 within the next few days.
Potential retest of $29800 before heading to $27000, making it a good short entry point.
Important: If you plan to open a short position, ensure to set a stop loss at $30380 for a safe zone. (Please don't consider wicks for stop loss)
Support Levels: $27200
Resistance Levels: $29800 / $31400
Remember, always exercise caution and avoid revenge trading. Make sure to place a stop loss for every trade.
Follow us for more trading signals.
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