Technical analysis BTCUSDT for 01.11.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 34175. The closest resistance is the level 34750

Key levels

• 35850, 35200, 34750, 34175, 33550

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 34750, with Take Profit of 34175 and Stop Loss of 35200

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 35200, with Take Profit of 35850 and Stop Loss of 34750