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"05-08-2024 BTCUSDT: Potential for Further Declines Ahead. The current trend suggests a continuation of downward movement as key support levels are tested. Monitor for bearish signals and adjust your strategy accordingly to capitalize on potential further declines."
Today, Tuesday, July 2nd, we can see how the dollar is gaining strength due to the news surrounding this asset. As mentioned yesterday, BTCUSDT should fall to the zone around $61,688.46; the price has already reached that zone. We should be attentive to the absorption of sales within this area so that BTCUSDT can take a more bullish path. If there is no such absorption, the decline could continue. We must be patient and not rush into making a bad decision.
Today, Monday, July 1st, we can see that the dollar could eventually strengthen against BTC, which would cause BTC to fall into the range of $61,803.01 - $61,688.46. If there is some sort of absorption around that zone or slightly lower, the price could gain bullish momentum.
BTCUSDT maintains a bearish outlook today, Friday, June 28th, with the dollar strengthening. This situation is preventing BTC from advancing positively, leaving it stagnant. The targets remain bearish.
BTCUSDT Today, Thursday, June 27th, there is a possibility for a short entry only if there is absorption of purchases in the zone around $62,889.55 - $62,889.55. If this scenario unfolds, a selling opportunity becomes imminent.
Sell Opportunity Only if the mentioned conditions are met:
BTCUSDT is again range-bound today; we should wait for a significant move. Currently, the price could potentially reach $62,392.23. Afterwards, there's a high probability of a bounce back towards the downside target of $61,098.28 within the next hour. As traders, patience will be key for us. #Binance #Bitcoin #CryptoTradingGuide #BitcoinPriceUpdate $BTC $USDC $USDP
BTCUSDT again on a range day, we will have to wait to get a good movement. At the moment, the possible arrival of the price is up to $62392.23, then there is a high probability that the price will rebound and reach $61098.28 as a 1-hour bearish target. As traders, we will have to wait. #Binance #Bitcoin #CryptoTradingGuide #BitcoinPriceUpdate $BTC $USDC $USDP