sentiment to the upward trend
Updated
As it was said before, with the weakening of the sellers at the psychological level of the market (range 65000.0), there has been a relative return to the supply range of 67000.0
From the point of view of buyers: if the said supply level is broken, we will see an upward trend from the demand of 66000.0 to the supply range of 69000.0 - 69500.0 in the medium term.
From the point of view of the sellers: the psychological market level of 66000.0 should be broken, the downward trend will continue until the key support level of 60828.6
Trading position: confirmation of trend change in the demand range of 65757.6 in case of supply failure of 67000.0
From the point of view of buyers: if the said supply level is broken, we will see an upward trend from the demand of 66000.0 to the supply range of 69000.0 - 69500.0 in the medium term.
From the point of view of the sellers: the psychological market level of 66000.0 should be broken, the downward trend will continue until the key support level of 60828.6
Trading position: confirmation of trend change in the demand range of 65757.6 in case of supply failure of 67000.0
Note
In the short term, the price has strongly reached the supply range of 69000.0, the price is expected to correct in the short term.Note
According to previous statements, the price has made a corrective movement towards the demand range of 65757.6. From the point of view of buyers, if this demand range is supported, we will see an upward trend towards the key resistance of 71554.3 in the medium term.
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