BTCUSDT: Short-Term Analysis for 13/11/2024
2024-11-13

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always consult multiple sources and conduct thorough research before making trading decisions. 

 Time Frame: 1-hour
 
 Market Analysis: 
The market has taken inducement and currently the market is experiencing a pullback to fill the gap. The additional support point of control is at 82146.00.

Key Levels:
 
 Support: 83999.00-82773.00 (Daily Point of Control)
 Last Support:82146.00
 Resistance: 92.00-94924.00 (Confluence of Fib Channel and Gan Box)
 Local High: 90,070.00
 

EMAs: 50/100/200 EMA (Bullish alignment)

 Trading Bias: 
Moderately Bullish

Main Reason:
If price pierce the last support at 82146.00, the trend may reverse to bearish momentum. However, if the price breaks the local high else bounces back after filling the gap,  then the  price could reach the above-given resistance 91699.00-94121.00 to form new all time high. 
The above resistance is in confluence with the Fib channel and Gann square.

 