BTC/USDT 4h simple analysis in 4th/May

Hi, crypto traders.

BTC is in a sideways market.

Once the price broke my target: 58,500USD and went up, but it bounced around 59,000USD. Unfortunately, the negative candle broke 20h (red) line and 80h (blue) line together.

Then, the price broke my 1st target: 56,000USD, but it bounced from my 2nd target: the cross point with 240h (green) line.

If the price will break 240h (green) line to lower side, the trend will be Strong Downtrend.


=TODAY’s Check Points=
- The price will break 54,500USD? (cross point with 240h line)
- The candle changes to positive and will break 80h (blue) line?

=TODAY’s Target Price=
BTC goes up:
1st target: 57,000USD
2nd target: 59,000USD
3rd target: 65,000USD

BTC goes down:
1st target: 54,500USD (cross point with 240h line)
2nd target: 52,300USD
3rd target is 46,900USD

Enjoy your trading.


#Latest news:
COINTELEGRAPH: cointelegraph.com/

#Recommended crypto exchange:
BINANCE: binance.com/en