Technical analysis BTCUSDT for 29.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 30500. The closest resistance is the level 31000

Key levels

• 31600, 31000, 30500, 30000, 29300

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 30500, with Take Profit of 31000 and Stop Loss of 30000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 30000, with Take Profit of 29300 and Stop Loss of 30500