BTCUSDT. Short and medium term analysis

2 Kas 2023

Hi traders!
You can consider buying if the buyer protects

• the hourly level of 35086.57,
  
• the daily levels of 33390.95 and 31804.2 (associated with exiting the sideways market)
  
• and the medium-term support level for the long-term trend at 24800.
  

As for selling, there is currently no context.

Take note of the 10D timeframe. After breaking out of the sideways market that lasted from January 2021 to May 2022 and initiating a short-term trend (with two waves), the price returned to the sideways range (with the lower boundary at 26700). If the buyer defends the last closed candle, then technically, the path is open to 40000, 48000, and 59000.

4 Kas 2023

Not

After the first attempt by the seller to breach the level at 35086.57, a new level was formed at 35063.25. Following the second attempt, the seller managed to break the level and has currently defended it.
The chart below provides an explanation of the pattern of level protection by sellers