Technical analysis BTCUSDT for 14.05.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 61300. The closest resistance is the level 62300

Key levels

• 65000, 63600, 62300, 61300, 60000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 62300, with Take Profit of 63600 and Stop Loss of 61300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 61300, with Take Profit of 60000 and Stop Loss of 62300