QTM_Labs_pwm

QTM_Labs_pwm

Currently, no significant buying pressure is observed, so we may see a minor rebound, potentially up to the 97K level, before the price breaks below the trendline. If the price breaks below the lower level, it could indicate a move toward new lows. However, it remains uncertain whether this is a move to create a new low or a retest of the strong rebound area...

QTM_Labs_pwm Updated 

A significant amount of buying has been identified in the current zone, mirroring the buying momentum observed in Zone 2 prior to the previous rally. This area is likely to serve as the third accumulation phase, indicating a high probability of an imminent breakout. The price may initially break through the current channel, then retest the level to absorb supply.

QTM_Labs_pwm

Based on the significantly reduced trading volume of Bitcoin currently, it seems more likely that it is forming a large sideways range rather than being in a downtrend. In order to set a direction and reverse the trend, a zone where volume surges must be formed. Therefore, it is not yet in a position to show the kind of rise that would break through the high...

QTM_Labs_pwm

The price recently pulled back from around 72k, which had been a strong resistance level. This is similar to how continuous buying activity at around 67k indicated an accumulation phase just before the price surge. Similarly, strong selling pressure was observed around 71-72k, and it appears a stop-hunting event occurred before the price dropped. The price is...

QTM_Labs_pwm

During the weekend, we observed sideways movement within a range, accompanied by significant accumulation. Given the continuous uptrend in this range, it is a strong support area. While it could break significantly if breached, the accumulation suggests it's a strong bottom from a long-term perspective. So far, we've seen some selling pressure due to short-term...

QTM_Labs_pwm

It was confirmed that a large number of purchases came in in the current section, and the support line was accurately followed. Also, since I've pushed SL with one tail, if you're going to make an uptick, you're likely to go up this section without breaking the lows. Plus, I originally only saw a rebound up to 70.4k near the CME gap, but seeing that I haven't...