[Bitcoin] Doesn't know which way to go
#Crack #Bitcoin #Binance #Daily
- Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend.
- The 41.5k-41.9k resistance seem very strong.
- The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the 37k-37.7k support.
- Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation.
- Response at this point in which the resistance of 41.5k-41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at 37k-37.7k or breaking above the 41.9k resistance, and I think it is safe to wait and see as much as possible between 41.5k and 39.5k.
- Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend.
- The 41.5k-41.9k resistance seem very strong.
- The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the 37k-37.7k support.
- Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation.
- Response at this point in which the resistance of 41.5k-41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at 37k-37.7k or breaking above the 41.9k resistance, and I think it is safe to wait and see as much as possible between 41.5k and 39.5k.
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