Technical analysis BTCUSDT for 25.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 26375. The closest resistance is the level 26650

Key levels

• 27000, 26650, 26375, 26075, 25800

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 26375, with Take Profit of 26075 and Stop Loss of 26650

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 26650, with Take Profit of 27000 and Stop Loss of 26375