Important support and resistance zone: 0.6678-0.8033

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(EOSUSDT 1M chart)

In order to continue the uptrend, it must rise above the M-Signal indicator on the 1M chart.

Currently, the HA-Low indicator on the 1M chart is formed at the 2.8769 point, so if the HA-Low indicator is not newly created, it will rise to around 2.8769 and show support, which is the time to buy.

However, since it is far from the M-Signal indicator of the 1M chart, it is important to check whether the price is maintained above the M-Signal indicator of the 1M chart for now.

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(1D chart)

The 0.6678-0.8033 section is an important support and resistance section.

Therefore, the key is whether it can be supported and rise near this section.

If it falls, you should check whether it is supported near 0.5255-0.5820.

If it starts to rise, it is likely to rise to the HA-Low indicator of the 1M chart.

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Thank you for reading to the end.
I hope you have a successful trade.

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- This is an explanation of the big picture.

I used TradingView's INDEX chart to check the entire section of BTC.

I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).

(Previous BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.

In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.

Accordingly, the uptrend is expected to continue until 2025.

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(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it shows up to 3.618 (178910.15).

Fibonacci ratio 0.618 (44234.54) is not expected to fall again.

(BTCUSDT 12M chart)

I think it is around 42283.58 when looking at the BTCUSDT chart.

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I will explain it again with the BTCUSD chart.

The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.

In other words, it seems likely to act as a volume profile range.

Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).

Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.

To do that, we need to look at whether it can rise with support near 2.618 (134018.28).

If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.

Therefore, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).

I will explain the details again when the downtrend begins.

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readCrypto

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