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BTCUSDT market update

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
As we can see after BTC tested 13k3 zone it got massive rejection which is a good sign to believe that zone is a strong resistance level and we will likely go for the wave 4 retracement before final leg upward towards 14k plus zone.

This analysis goes in line with all my previous view with oscillating indicator pointing downward and RSI already in overbought range.

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

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İşlem aktif:
Best shorting range 13100-13300 range

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Feragatname

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