Following up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded.
From a technical perspective, we remain within the confines of the long-term bullish flag pattern.
A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up.
Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.
To be continued..
From a technical perspective, we remain within the confines of the long-term bullish flag pattern.
A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up.
Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.
To be continued..
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.