Chart Description
The chart shows a recent strong move up in BTC CME Futures, highlighted by the green Fibonacci retracement levels measuring the prior swing low to swing high.
Two red boxes are drawn near the top, marking a potential resistance/supply zone where price previously stalled.
A white downward arrow indicates your expectation of a pullback from this resistance area.
At the bottom, an oscillator (in yellow) appears to form lower highs (a potential divergence), suggesting fading momentum as price tested the red boxes.
What I Think Is Next
Given the resistance in the red box area and the potential momentum divergence, you anticipate a short-term correction or pullback.
Possible downside targets could include the nearby Fibonacci retracement levels (e.g., 0.382 or 0.5), where BTC CME might find support and consolidate before the next move.
If price can’t hold those fib levels, a deeper correction toward lower support zones is possible. Conversely, a strong breakout above the red boxes and any key fib extensions could signal further upside continuation.
The chart shows a recent strong move up in BTC CME Futures, highlighted by the green Fibonacci retracement levels measuring the prior swing low to swing high.
Two red boxes are drawn near the top, marking a potential resistance/supply zone where price previously stalled.
A white downward arrow indicates your expectation of a pullback from this resistance area.
At the bottom, an oscillator (in yellow) appears to form lower highs (a potential divergence), suggesting fading momentum as price tested the red boxes.
What I Think Is Next
Given the resistance in the red box area and the potential momentum divergence, you anticipate a short-term correction or pullback.
Possible downside targets could include the nearby Fibonacci retracement levels (e.g., 0.382 or 0.5), where BTC CME might find support and consolidate before the next move.
If price can’t hold those fib levels, a deeper correction toward lower support zones is possible. Conversely, a strong breakout above the red boxes and any key fib extensions could signal further upside continuation.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.