BTC/USDT 4h simple analysis in 2nd/May

Hi, crypto traders.

BTC will go into a sideways market.

The price is stable but the gradient of 20h (red) line changed to minus. And it seems the negative candle will break 20h (red) line.

Once the price goes down, the cross point with 80h (blue) line: 56,000USD is 1st target.

If the candle changes to positive and will break 58,500USD, the trend will be Great Up Trend!

[TODAY’s Check Points]
- The negative candle goes down and will break 56,000USD?
- The candle changes to positive and breaks 58,500USD?

[TODAY’s Target Price]
If BTC goes up:
1st target is 58,500USD
2nd target is 65,000USD

If BTC goes down:
1st target is 56,000USD
2nd target is 52,300USD
3rd target is 47,500USD

Enjoy your trading.


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