CoinRank’s Insights: BTCUSD (Jun 14, 2023)


US Judge Rules Against Asset Freeze on Binance, BNB Sees Minor Increase of 6%.


In the last review analysis on June 7th, Bitcoin maintained its overall trend within a descending channel and is still within that range. Looking at the one-hour chart, it indicates an upward trend, with resistance at 264498.88 and support at 25806.38.


Earlier, a US judge stated that there is no need to freeze Binance assets, coupled with the CPI index coming in lower than expected, which has led to short-term stability in the market.

Here are two short-term trading strategies using the Vegas Tunnel Indicator:

  • Short position at 26276.27 with a profit target at 25723.12.
  • Long position at 25723.12 with a profit target at 26276.27.


Please note that these are hypothetical suggestions and not personalized investment advice. Always conduct thorough research and consider your risk tolerance before making any investment decisions.


⚠️ DYOR 👩🏻‍💻👩🏻‍💻


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