Technical analysis BTCUSDT for 05.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines

Key levels

52500, 56000, 60000, 64000, 68500

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 56000, with Take Profit of 63500 and Stop Loss of 52600

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 64000, with Take Profit of 61000 and Stop Loss of 68400