BTCUSDT
2024-12-05

The BTCUSDT outlook today:

BTCUSDT looks bearish on the H2 chart, with a potential target zone around 88767.25 and a bias towards 82500.

We have a supply zone at 99000, with bearish pressure at (C) resistance.  If the price breaks through this level,  it will nullify the setup. Additionally, above 100846.57 would be the ideal point for assessing the stop loss (SL).


* On the daily chart, the BTCUSDT is bullish overall, despite looking to be in a bearish retracement.

Happy Trading,