$BTC fib 0.786 level of 64203 did not serve as support, unfortunately.


Only in a decline, the daily and 4-hour charts show RSI entering the oversold zone and divergences began to form. This also increases the likelihood that the downward momentum is weakening.
If candles with long wicks continue to form below, an upward move could occur.
In the upward trend, the first resistance will be at 67,500. If it stays above, we will monitor the 74,000-75,000 resistances.
However, as long as the persistence above the 74,569 peak does not occur, the possibility of a decline still remains.
In deep declines, we are closer to the 60,000 level, which we are watching closely; this level should be maintained.
Otherwise, the decline could deepen further. The price could continue falling toward the supports at 55,000-50,000.
If the upward trend continues, we will monitor the resistances at 74,569-82,885-98,000-109,107 thousand levels.
If it reaches the 109,107 thousand region, this will be an important resistance.
BTC-0.32%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned