[Bitcoin] End up with 41.9k?? Where are you heading?
#Crack #Bitcoin #Binance #Daily
- After the last briefing, the 44.2k-44.5k support failed and Bitcoin reached the 41.5k-41.9k support area.
- The 41.5k-41.9k support area is an inflection section of the large VP area from Jan. 22 to Mar. 22, and it is important to see if this area is supported or not.
- If the support is successful and Bitcoin rebounds, we can expect a Bullish trend to breakout the 44.2k-44.5k resistance again.
- However, the 44.2k-44.5k resistance area served as strong resistance in the previous large VP movement, and the resistance of the sky blue high-trend line also overlaps, so we should continue to keep in mind the bearish trend before Bitcoin breaks out 44.2k~44.5k with bullish trend.
- If the 41.5k-41.9k support fails, we should remain open to the possibility of a decline towards the 37k-37.7k lower end of the orange uptrend channel.
- However, if the support of the green mid trend line created during the formation of large VP is strong, even if the 41.5k-41.9k support fails, there is a possibility that the decline to 37k-37.7k will be stopped.
- After the last briefing, the 44.2k-44.5k support failed and Bitcoin reached the 41.5k-41.9k support area.
- The 41.5k-41.9k support area is an inflection section of the large VP area from Jan. 22 to Mar. 22, and it is important to see if this area is supported or not.
- If the support is successful and Bitcoin rebounds, we can expect a Bullish trend to breakout the 44.2k-44.5k resistance again.
- However, the 44.2k-44.5k resistance area served as strong resistance in the previous large VP movement, and the resistance of the sky blue high-trend line also overlaps, so we should continue to keep in mind the bearish trend before Bitcoin breaks out 44.2k~44.5k with bullish trend.
- If the 41.5k-41.9k support fails, we should remain open to the possibility of a decline towards the 37k-37.7k lower end of the orange uptrend channel.
- However, if the support of the green mid trend line created during the formation of large VP is strong, even if the 41.5k-41.9k support fails, there is a possibility that the decline to 37k-37.7k will be stopped.
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