BTCUSDT: suddenly turned down in price
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Let's take a fresh look at BTCUSDT today. After a sudden drop last weekend, from a high of $48,900, BTCUSDT has slipped down to $42,666.
Technical analysis suggests that the bearish side is now taking control, with BTC dropping nearly $6,000 in a short period of time. The 4-hour chart and EMA 34 indicate a continued downward trend.
Given the current scenario, a selling strategy with a short-term target of $40,700 is being considered.
What about you? What are your predictions and strategies for the next moves of BTCUSDT?
Technical analysis suggests that the bearish side is now taking control, with BTC dropping nearly $6,000 in a short period of time. The 4-hour chart and EMA 34 indicate a continued downward trend.
Given the current scenario, a selling strategy with a short-term target of $40,700 is being considered.
What about you? What are your predictions and strategies for the next moves of BTCUSDT?
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