Cryptocurrency analysis of the near future
We saw a small correction of BTC/USDT on the 25th of November as it was overbought in my opinion. Right now we are in an uncertain situation and I advise to trade carefully.
In this chart we look at the 1h timeframe of BTC/USDT since the correction. There is a strong support at the ~91'500 mark and if this zone can hold and will break the minor resistance at ~95'000 we might continue to go upwards. If this support zone breaks the price can fall lower and I would start a short trade in the crypto market as a whole because it also drags the altcoins down.
Let me know what you think will happen in the near future. Trade carefully!
In this chart we look at the 1h timeframe of BTC/USDT since the correction. There is a strong support at the ~91'500 mark and if this zone can hold and will break the minor resistance at ~95'000 we might continue to go upwards. If this support zone breaks the price can fall lower and I would start a short trade in the crypto market as a whole because it also drags the altcoins down.
Let me know what you think will happen in the near future. Trade carefully!
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