Technical analysis BTCUSD for 31.01.2023

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 23600.00. The closest support is the level 22760.00

Key levels

24850.00, 24220.00, 23600.00, 22760.00, 22330.00, 21770.00

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 23600.00, with Take Profit of 24220.00 and Stop Loss of 23150.00

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 22760.00, with Take Profit of 22330.00 and Stop Loss of 23150.00