22.03.11 / Failure to support critical sections#crack #bitcoin #binance #4 hour
- The basic support/resistance section is the same as in the previous briefing.
- The support of $40,774-$41,386, mentioned as an important support section in the previous briefing, failed, and a strong selling trend appeared.
- After two strong negative peaks, an attempt was made to rebound, but it failed to rebound while leaving a long upper tail.
- It is currently moving between the $39,770 resistance and the $38,595 support, so the short-term direction is still uncertain.
- If the rebound continues, we can expect an uptrend to $40,774-$41,386, and if resistance is strong at this time, we can expect a decline to 35k as mentioned in the previous briefing.
- If BTC breaks through the $40,774-$41,386 resistance, BTC can be expected that BTC will raise the high by making a rebound with a higher low, but in the big picture, it is necessary to keep in mind the appearance of convergence, in which the highs are continuously lowered and the lows are continuously rising, If BTC turns into a downtrend without breaking through the highs, it is safe to watch the convergence deviance.
- If the rebound fails and the $38,595 support fails, we can expect a sell-off to confirm support in the 34k-35k support range, and a large downtrend should also be taken into account if the support at the lower end of the orange medium-term uptrend channel fails.
