[Bitcoin] Attempt to reboud at $29.8K, how far can it go?
#Crack #Bitcoin #Binance #Daily
- Bitcoin is trying to rebound after falling to the 28.1k-29.8k section, which was importantly mentioned after the last briefing.
- The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend.
- A break of 35k is important if a strong rebound occurs. Even after the breakout, the 35k support retest should be successful until the 37.8k-39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located.
- If the 28.1k-29.8k support fails after the failure to break out the
31K-31.6k resistance, as mentioned in the previous briefing, a decline to the 10k-
12K should also considered in the future scenario.
- Bitcoin is trying to rebound after falling to the 28.1k-29.8k section, which was importantly mentioned after the last briefing.
- The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend.
- A break of 35k is important if a strong rebound occurs. Even after the breakout, the 35k support retest should be successful until the 37.8k-39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located.
- If the 28.1k-29.8k support fails after the failure to break out the
31K-31.6k resistance, as mentioned in the previous briefing, a decline to the 10k-12K should also considered in the future scenario.
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