BTC still runs within the box and forms a consolidation triangle in the downward channel.
BTC broke the center, which turns into resistance, so monitor the low edge of the range.
The box: $22707.79~$18813.62
The key support of the month is $18215.39, diverted point at $17998.21.
Congestion range: $22140.46-$19020.57 (the first range to breakout), centering $20363.13.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
The diverted key support came under 18k, supports there are not so strong. If it's broken, it may test further down to 13k.
BTC broke the center, which turns into resistance, so monitor the low edge of the range.
The box: $22707.79~$18813.62
The key support of the month is $18215.39, diverted point at $17998.21.
Congestion range: $22140.46-$19020.57 (the first range to breakout), centering $20363.13.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
The diverted key support came under 18k, supports there are not so strong. If it's broken, it may test further down to 13k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.