[Bitcoin] Failed to break out $31k resistance.Will $28K support?
#Crack #Bitcoin #Binance #Daily
- Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the
31K-31.6k resistance and is showing signs of hang back once again.
- In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so I think we need to prepare for a further bearish trend.
- It is still difficult to have expectations for an bull trend. Even in the appearance of past auxiliary indicators, a trend reversal after a press/up appearance after a signal often appears. Therefore, I believe it is not too late to respond after showing a proper rebound.
- If a low with the bottom long tail of the candle appears in the near future, this may signal the start of a rebound. However, even if a rebound occurs, if the retest resistance at the bottom of the blue target channel located near 35k is not broken, it may show a confirmation of the 28k support again.
- The section to expect support and resistance during a bearish rend or bull trend is the same as the section described in the previous briefings.
- Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the
31K-31.6k resistance and is showing signs of hang back once again.- In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so I think we need to prepare for a further bearish trend.
- It is still difficult to have expectations for an bull trend. Even in the appearance of past auxiliary indicators, a trend reversal after a press/up appearance after a signal often appears. Therefore, I believe it is not too late to respond after showing a proper rebound.
- If a low with the bottom long tail of the candle appears in the near future, this may signal the start of a rebound. However, even if a rebound occurs, if the retest resistance at the bottom of the blue target channel located near 35k is not broken, it may show a confirmation of the 28k support again.
- The section to expect support and resistance during a bearish rend or bull trend is the same as the section described in the previous briefings.
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