Technical analysis BTCUSDT for 06.12.2023

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 43650. The closest resistance is the level 45550

Key levels

• 47000, 45550, 43650, 42625, 41000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 43650, with Take Profit of 45550 and Stop Loss of 42625

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 42625, with Take Profit of 41000 and Stop Loss of 43650