Technical analysis BTCUSDT for 05.07.2023

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 30715.00. The closest support is the level 30055.00

Key levels

• 31465.00, 31075.00, 30715.00, 30055.00, 28870.00, 27170.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 30715.00, with Take Profit of 31075.00 and Stop Loss of 30350.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 30055.00, with Take Profit of 28870.00 and Stop Loss of 30350.00