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BTCUSDT: Tightening Environment Continues to Exert Pressure, with Relatively High Risk of Breakdown
The Federal Reserve (Fed) is aggressively tightening monetary policy, and expectations of rising interest rates continue to suppress risk assets such as cryptocurrencies. Then, there is a risk that bitcoin will continue to break down.
19500.0
ENTRY PRICE
15000.0
TGT PRICE
21000.0
SL PRICE
3080
Points
Profit
15000.0
TGT PRICE
19192.0
CLOSING
19500.0
ENTRY PRICE
21000.0
SL PRICE
Fundamentals
Technical Analysis
The daily chart shows that BTCUSDT has continued its trend of oscillating and pulling back and has fallen below the key support level of 19500. However, the continuation of the fall is not strong. BTCUSDT is oscillating and adjusting around 18700 and appears to accumulate momentum for a new round of bearish trends.
In the 4H chart, the BTCUSDT range trade between 18700 and 19500 in the short term. Meanwhile, the indicator RSI is below 50. The trend of BTCUSDT is weak, and it can fall further to test or even break below the key support level around 18700 in the future. Once BTCUSDT breaks below the level, it will open further room to fall and can fall towards 15000 in the future.Trading Recommendations
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BTCUSDT：The Low Box has Broken Through, and the Short-Term Bullish Idea Remains BULLISH
PROFIT +4606 PointsBTCUSDT: Bitcoin Rally Is Weak, with Risk of Breakdown
PROFIT +10625 PointsETHUSDT: Oscillating in the Short Term with High Pressure of Breaking Downward
PROFIT +6673 PointsETHUSDT: Oscillating Downward and Targeting the 1000 Mark?
LOSS -4710 PointsETHUSDT: The Trend Is Bearish with a Possibility of a Second Dip
PROFIT +8263 Points
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