In Partnership 🤝 With  

Today’s report will include:

• Updated Technical Analysis

• Other key market developments

• Market Psychology

• Trading Tools

BTCUSDT Long Trade 📈 

In Today’s analysis -BTCUSDT- clearly rejecting from its channel high resistance, this opens the door for a corrective piece of price action to come.

Points to consider ✍️ 

• Point of Control Support

• Daily S/R Support

• Channel Low Support

• .618 Fibonacci Confluence

• Channel High Objective

Bitcoins lower technical support level is in confluence with the channel low support, this area is yet to be tested.

The trade location is in technical confluence with the Daily S/R Support, Point of Control Support and the .618 Fibonacci alongside a rising VWAP making it a high probability reactive zone

Overall, in from Bitcoin Insider’s perspective, BTCUSDT is a valid long with defined risk at the channel low, how price reacts needs to be used upon discretion/ management of the trade.

Hope this analysis helps.

Trading Tools ⚒️ 🔧 

TradingView Charting Platform: Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for traders and investors 💹 📈 

Blofin Cryto Trading Platform: BloFin is your next crypto trading solution that provides an easy-to-use, secure and reliable trading experience to accommodate all folks. 💵 💰️ 

Trading Education - BabyPips: Babypips helps new traders learn about the forex and crypto markets without falling asleep. We introduce people to the world of trading currencies 📖 📚️ 

Claim $2000 Future Deposit Bonus here

X Segment 📰 🗞️ 

Trading Psychology  🧠 

Bitcoin Insider bouncing back to work, See you in the next one! 👊