[Bitcoin] Is it finally rebound? But still be careful!
#Crack #Bitcoin #Binance #Daily #briefing
- Bitcoin, which had been on a bull trend since the start of the daily candle the day before, showed an additional bull trend following the announcement that Powell's interest rate hike of 75bps was not considered and broke the 39.2k-39.5k resistance.
- Further bull trend can be expected with a strong rebound at the bottom of the orange bull trend channel and the 37.7k support section, but I think it is too early to say that it has completely turned into a bullish trend as it failed to break out the resistance of $39,742, the closing price that was resisted during the previous movement.
- 39.2k-39.5k support is important when the $39,742 resistance is failed, and if the support in the corresponding area fails, we can expect a further bearish trend to confirm the $38,525 support.
- If the 39.2k-39.5k or $38,525 support is successful and rebounds, we can expect an upside to 41.5k-41.9k in the short term and 43.9k-44.5k in the long term.
- If a correction appears by $38,525 but support fails, consider the possibility of a 35k-34.2k support confirmation.
- As mentioned above, as it failed to break out of the $39,742 resistance, there seems to be a risk in chasing after the previous day's bull trend.
- Bitcoin, which had been on a bull trend since the start of the daily candle the day before, showed an additional bull trend following the announcement that Powell's interest rate hike of 75bps was not considered and broke the 39.2k-39.5k resistance.
- Further bull trend can be expected with a strong rebound at the bottom of the orange bull trend channel and the 37.7k support section, but I think it is too early to say that it has completely turned into a bullish trend as it failed to break out the resistance of $39,742, the closing price that was resisted during the previous movement.
- 39.2k-39.5k support is important when the $39,742 resistance is failed, and if the support in the corresponding area fails, we can expect a further bearish trend to confirm the $38,525 support.
- If the 39.2k-39.5k or $38,525 support is successful and rebounds, we can expect an upside to 41.5k-41.9k in the short term and 43.9k-44.5k in the long term.
- If a correction appears by $38,525 but support fails, consider the possibility of a 35k-34.2k support confirmation.
- As mentioned above, as it failed to break out of the $39,742 resistance, there seems to be a risk in chasing after the previous day's bull trend.
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