*BTCUSDT.P – Complete Multi-Strategy Technical Analysis*
1) Dow Theory – Market Structure : Bearish
2) Support & Resistance: 78,810:Strong resistance
Support 1 75,000 Local support
Support 2 74,800 Previous swing low
Major support 70,075 Major downside
3)Trendline & Channel :A rejection from channel resistance could provide a short opportunity.
4) RSI : Neutral to Weak Bearish
5)Volume Analysis: Large selling volume appeared during the major breakdown
*BTC is showing lower highs, lower lows and consolidation inside a descending channel.*
1) Dow Theory – Market Structure : Bearish
2) Support & Resistance: 78,810:Strong resistance
Support 1 75,000 Local support
Support 2 74,800 Previous swing low
Major support 70,075 Major downside
3)Trendline & Channel :A rejection from channel resistance could provide a short opportunity.
4) RSI : Neutral to Weak Bearish
5)Volume Analysis: Large selling volume appeared during the major breakdown
*BTC is showing lower highs, lower lows and consolidation inside a descending channel.*
