BTC/USDT is on the verge of either going further down, causing a lot of panic sells or to recover. In order to recover it will have to go through a number of resistence levels marked in blue. You will be able to pinpoint with more precision the resistance level looking in the SELL ORDERS were you will identify big volumes sold at or near the thresholds. If it passes through a resistance level it becomes temporary support. On the downtrend, should it pass through the support level marked in red, you should consider selling to stop loss or expecting a longer time for value of BTC to come back.
Kommentera:
The slowStoch and MACD are supporting the idea that BTC will recover. Also RSI is onboard with BTC on uptrend.