Technical analysis BTCUSDT for 04.01.2024

The Tenkan-sen line is located below 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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 43500. The closest resistance is the level 44400

Key levels

• 45000, 44400, 43500, 43000, 42500

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 43500, with Take Profit of 44400 and Stop Loss of 43000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 43000, with Take Profit of 42500 and Stop Loss of 43500