Technical analysis BTCUSDT for 31.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above 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 71500. The closest resistance is the level 73500

Key levels

• 74500, 73500, 71500, 70500, 69000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 71500, with Take Profit of 73500 and Stop Loss of 70500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 70500, with Take Profit of 69000 and Stop Loss of 71500