$BTC 73762 is continuing to hold its bottom. It is stuck at the resistance level of 79,000; it is neither falling nor rising. It may try to break this resistance again.


If there is a close above the 79,000 level, the last downward wave on the 4-hour chart will have formed the first high peak. This will be a sign that the upward trend will continue further. The resistance levels of 98,000 - 109,000 - 107,000 can be monitored.
If there is a 4-hour close below 733762, we expect a decline. In the decline, the Fibonacci 0.618 support of the last upward wave, at 70165, can act as support. If it holds, a rebound may occur. If no confirmation of a reversal is received, the decline will continue.
If it maintains its bottom at 65666, the possibility of an upward movement continues. If there is a daily close below this, we will monitor the supports at 63823, 62433, and 60000.
A daily close below the 60000 level would mean the decline deepens further.
BTC-1.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin