Key Resistance Levels: 50861, 53821, 57480
Key Support Levels: 48124, 45554, 41992
BTC/USDT Price Long-Term: Bullish
On the daily time frame, the price is trading within a bullish channel, but it posted a huge sell off once the price reached the higher end of the channel. Currently, BTC stalled around the daily support level @ 48124.65.
BTC/USDT Medium-Term Trend: Bullish
On the 1-hr time frame, the market is trading now above the daily support and it posted a double bottom which signals a potential reversal. Currently, the price is bouncing around the neckline of this pattern which might lead to a pump upward to the 53808.27 level.
Buy Order @ 50810.03
TP 1 @ 53808.27
TP 2 @ 53821.00
Stop Loss @ 49314.50
Trade Safely 🙂