Technical analysis BTCUSDT for 12.01.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 44700. The closest resistance is the level 45400

Key levels

• 46500, 45400, 44700, 43850, 43100

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 44700, with Take Profit of 43850 and Stop Loss of 45400

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 45400, with Take Profit of 46500 and Stop Loss of 44700