Technical analysis BTCUSDT for 08.10.2024

The Tenkan-sen line is located below 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 turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines

Key levels

• 61667, 62197, 62712, 63438, 64544

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 62197, with Take Profit of 63438 and Stop Loss of 61667

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 63438, with Take Profit of 62197 and Stop Loss of 64544