BTC/USDT Long-Term Trend: Bullish
Key Resistance Levels: 60000, 61795, 62500
Key Support Levels: 57500, 54925, 52682
The price succeeded to break the bullish channel formation to the upside, and also broke a critical zone which is the 57500 USDT mark. A correction might be seen before the market rallies again to the upside.
BTC/USDT Medium-Term Trend: Bullish
On the 4-hr time frame, the price is trading inside a bullish channel where we expect a lower correction to an area of confluence between the daily support and the 61.80% Fibonacci retracement level. This could lead to a move upward to the 59608 USDT mark.
Buy Limit Order @ 57764
TP 1 @ 59608
TP 2 @ 60000
Stop Loss @ 56961
Trade Safely 🙂