Trading signals! | Zavyalov Ilya Nikolaevich about BTC/USDT 06.10.23

Before you dive into the article, pay attention to the fact thatthe fact that none of theis financial advice, please do your own research to make a more informed decision.

Despite today's growth, MTC looksbearish on the hourly chart. The price has broken through the newly formed support level at $27,560. If the daily bar closes below it, the fall is likely to continue to the $27,000 area.

The bulls again failed to maintain growth after the bullish candle closed. However, neither side has yet seized the initiative.

In this case, the more likely scenario is to endweek is sideways trading in the area of ​​$27,000-$28,000. A similar picture can be seen on the weekly timeframe. Volume is low, meaning there is a high chance of seeing BTC consolidate without any sudden moves.

Buyers can only begin to think about a possible reversal in the medium term if the rate returns to the $29,000 area and consolidates above it.