Technical analysis BTCUSD for 07.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 30425. The closest resistance is the level 31125

Key levels

• 32500, 31750, 31125, 30425, 29700, 28925

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 31125 and Stop Loss of 30425

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 30425, with Take Profit of 29700 and Stop Loss of 31100