Short-term BTC trade - up to $41,300

4 May 2022

Our global forecast for BTC price movements is a continuation of the decline. However, depending on the local situation, you can catch a short-term trade.

The price of BTCUSDT starts to slow down in the range of $37,700. Sellers were unable to update the previous low from May 1. A local growth momentum is needed to continue the fall in the price of BTC. This impulse will force some margin sellers to close their positions. Fewer margin sellers - fewer positions. Fewer positions, fewer purchase orders to close short positions. Fewer purchase orders will create a more aggressive wave of decline. However, these are already medium-term plans, and we are interested in short-term speculation at the moment.

Short-term BTC trade:

Entry: $37,700
Stop: $37052
Target 1: $40,350
Target 2: $41,302