#BTC If there is a daily close above the 94130 resistance, it will be a sign that the upward trend will continue. Afterward, we can monitor the resistance levels at 98200-107500.
The 107500 resistance is important; a daily close above it would mark the first high peak in the daily chart since the last decline wave, and the upward movement could continue further.
If the price is rejected at the 94130 resistance and closes below 88280, we will monitor the supports at 86398 - 83822 - 82477 regions. As long as 82477 is maintained, declines are considered a retest of the breakout, and we can expect the upward trend to continue. If a close occurs below 82477, a continuation of the decline is expected, and the price may test the 74496-71237 (blue box) region. The blue box is a strong support zone. When a reversal confirmation is received, an upward movement towards the blue zone may occur.
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#BTC If there is a daily close above the 94130 resistance, it will be a sign that the upward trend will continue.
Afterward, we can monitor the resistance levels at 98200-107500.
The 107500 resistance is important; a daily close above it would mark the first high peak in the daily chart since the last decline wave, and the upward movement could continue further.
If the price is rejected at the 94130 resistance and closes below 88280, we will monitor the supports at 86398 - 83822 - 82477 regions.
As long as 82477 is maintained, declines are considered a retest of the breakout, and we can expect the upward trend to continue.
If a close occurs below 82477, a continuation of the decline is expected, and the price may test the 74496-71237 (blue box) region. The blue box is a strong support zone.
When a reversal confirmation is received, an upward movement towards the blue zone may occur.