[Bitcoin] / New high update in 12 days! Can it rise more?
#Crack #Bitcoin #Binance #4hour
- In the last briefing, I mentioned the importance of support for $40,774, and a strong rebound has emerged after the successful support of $40,774.
- With a strong uptrend, it broke through the $42,300 resistance and flattened the $42,594 high, but it failed to maintain the uptrend and appears to be under pressure again.
- In the short term, the highs and lows continue to rise, and the update of the $42,594 highs can be seen as raising the highs and lows in the medium term.
- However, there is still resistance at the white long-term convergence upper line.
- The support of $40,774-$41,433 continues to be important when a pressure appears, and since it overlaps up to the orange long-term uptrend channel centerline, this confirmation of support seems to be important.
- If the $40,774-$41,433 support is successful, we can expect an uptrend to confirm the resistance of the white long-term convergence upper line.
- If the resistance of the white long-term convergence upper line is broken, we can expect an uptrend towards $46,700-$47,226 or the upper line of the orange long-term uptrend channel.
- If the $40,774-$41,433 support fails, we can expect a decline to confirm support at the white long-term convergence lower line.
- If the support of the white long-term convergence lower line fails, we can expect a decline to the light blue short-term uptrend line.
- Please observe the movement in the areas where support/resistance overlaps marked with yellow circles.
- In the last briefing, I mentioned the importance of support for $40,774, and a strong rebound has emerged after the successful support of $40,774.
- With a strong uptrend, it broke through the $42,300 resistance and flattened the $42,594 high, but it failed to maintain the uptrend and appears to be under pressure again.
- In the short term, the highs and lows continue to rise, and the update of the $42,594 highs can be seen as raising the highs and lows in the medium term.
- However, there is still resistance at the white long-term convergence upper line.
- The support of $40,774-$41,433 continues to be important when a pressure appears, and since it overlaps up to the orange long-term uptrend channel centerline, this confirmation of support seems to be important.
- If the $40,774-$41,433 support is successful, we can expect an uptrend to confirm the resistance of the white long-term convergence upper line.
- If the resistance of the white long-term convergence upper line is broken, we can expect an uptrend towards $46,700-$47,226 or the upper line of the orange long-term uptrend channel.
- If the $40,774-$41,433 support fails, we can expect a decline to confirm support at the white long-term convergence lower line.
- If the support of the white long-term convergence lower line fails, we can expect a decline to the light blue short-term uptrend line.
- Please observe the movement in the areas where support/resistance overlaps marked with yellow circles.
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