chris_tahir
@t_chris_tahir
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BTCUSDT: 'Dead Cat Bounce' or a real recovery?
BTCUSDT has been contained within a broader range of 83800-94500. The price has yet to show any significant movement while breaking below the last higher low at around 87900. At the same time, the broader trend remains downward while it is hovering around the broken range. If BTCUSDT falls below the channel's lower bound at around 83800, the price may retest the following critical level at around 80600. On the contrary, if BTCUSD closes above 90500 (the first trigger point), the price may test the following trigger point at the channel's upper bound near 94500. Let's see how it goes. In my opinion, these trigger points will be important to dictate the longer-term trend.
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