22.03.07/Bitcoin 4-hour/If it doesn't rebound, is it going down?
#Crack #Bitcoin #Binance #4hour
- The downtrend is strong enough that the rebound at the end of February is insignificant.
- Currently, BTC is confirming the support of the Volume Profile section that was created during the uptrend at the end of February.
- In the big picture, it rebounded by raising the low without renewing the low of $32,917, but in the last uptrend, it lowered the high without renewing the high of $45,821, and a strong downtrend appeared.We can expect a downtrend to renew the $34,322.28 low, or a large convergence.
- If the yellow medium-term downtrend Fibonacci extension at 0.618 level is successfully rebounds, check whether the $40,774-$41,432 resistance is broken.
- The $40,774-$41,432 resistance section is expected to be strong with the long-term Fibonacci level, the mid-term Fibonacci level, and the resistance section where the mid-term uptrend channel centerline is located.
- However, if the resistance is breaks strongly, we can expect an uptrend to renew the high of $45,400. If the high of $45,400 is renewed, we can expect an uptrend to $47,226, which is located at the top of the blue medium-term uptrend channel.
- If BTC renews the low of $34,322.28, the important section to look at is around $33,901. This section is a section where the bottom of the dark gray ultra-long-term parallel channel overlaps, and it is necessary to keep in mind the possibility of a very strong downtrend if a downward departure of the channel occurs.
- If a rebound occurs after falling to the $33,901 section, it seems necessary to check the retest resistance of the blue medium-term uptrend channel. If the retest resistance is not broken, the possibility of a downtrend should be kept open.
- The downtrend is strong enough that the rebound at the end of February is insignificant.
- Currently, BTC is confirming the support of the Volume Profile section that was created during the uptrend at the end of February.
- In the big picture, it rebounded by raising the low without renewing the low of $32,917, but in the last uptrend, it lowered the high without renewing the high of $45,821, and a strong downtrend appeared.We can expect a downtrend to renew the $34,322.28 low, or a large convergence.
- If the yellow medium-term downtrend Fibonacci extension at 0.618 level is successfully rebounds, check whether the $40,774-$41,432 resistance is broken.
- The $40,774-$41,432 resistance section is expected to be strong with the long-term Fibonacci level, the mid-term Fibonacci level, and the resistance section where the mid-term uptrend channel centerline is located.
- However, if the resistance is breaks strongly, we can expect an uptrend to renew the high of $45,400. If the high of $45,400 is renewed, we can expect an uptrend to $47,226, which is located at the top of the blue medium-term uptrend channel.
- If BTC renews the low of $34,322.28, the important section to look at is around $33,901. This section is a section where the bottom of the dark gray ultra-long-term parallel channel overlaps, and it is necessary to keep in mind the possibility of a very strong downtrend if a downward departure of the channel occurs.
- If a rebound occurs after falling to the $33,901 section, it seems necessary to check the retest resistance of the blue medium-term uptrend channel. If the retest resistance is not broken, the possibility of a downtrend should be kept open.
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