BTCUSDT _ Daily technical analysis _ 2023/06/18
According to the analysis we had yesterday, as expected, the price is resting and bullish.
The market was able to shape itself and provide us with new data and we updated our support and resistance lines according to this data which gave us a better view of the market.
Of course, it should be noted that the market has not yet been able to exit the general downward trend and has only managed to exit the temporary downward trend. Therefore, if a buy position is entered, the price is expected to rise above the overall downtrend channel.
So, based on last night's and today's analysis, I'm looking for a buy position in the zone set on the chart.
The market was able to shape itself and provide us with new data and we updated our support and resistance lines according to this data which gave us a better view of the market.
Of course, it should be noted that the market has not yet been able to exit the general downward trend and has only managed to exit the temporary downward trend. Therefore, if a buy position is entered, the price is expected to rise above the overall downtrend channel.
So, based on last night's and today's analysis, I'm looking for a buy position in the zone set on the chart.