A Neutral Idea on BTC not Bear or BullNOTA: Para Español, Ir hasta abajo!
What do you say about this scenario, Sellers are getting tired if you can say it so, we have less volatility day after day since weeks ago, maybe it could indicate a bottom perhaps??? we are at #1 return point I signaled before on other analysis, we can have a Bounce over the 6k support line, we have been here for 3 days in a row, that didn't happen since months ago, and the SAME Logic used for resistance we should use it for Support TOO.
Orange Line #1 IF in the next hours we don't break down this Support Area to the 5.4k levels and downer, we should have a spike. And this SPIKE should Break the 6.4k Level of resistance (a Relevant one) which is converging with EMA 26-30 too, AND the bearish Trendline (So this is a Big Resistance Area Right Now). Then, We can make a Trip to the next Resistance Trendline in the 8.2kish (Remark This) We could Break it for Further movements or be rejected as expected to lower points maybe bellow 6k to 5kish and lower. READ THIS WELL AND CAREFULLY, don't get caught by FOMO later and don't say no one warned about it, This could be a trap for bull and bears too.
Blue Line #2 We can definitely break the bearish trendline from January, and we can go again to test the 10k, specifically 9.8k (in this area there is a lot of Resistance too and it is a psychological WALL like the GOT one with the white walkers and stuff). We can expect a rejection here since it is so hard to pass thought, indicating a False breakout of the January Trendline and go to retest again 6k and lower supports. (Maybe to #2 Return point-you shall see previous analysis to know what I'm talking about).
Yellow Line #3 We break #2 Setups and go to next resistance at the 11-12kish area, were major Resistance is stablished before a Bull run can set it's foot. This is the furthest target I honestly can see within my scenarios. I expect a rejection here if we consider a market cycle not finished yet at this point. IF we get over this area (12k) then a bull run or at least near the 20k run could easily take place (I would have to do other calculations here) so in essence consider this scenarios.
Red line 1 and 2 #4 We break Down the 6k levels to next support areas 5.4k and 4.5k with the lowest probable point in the 4.2k, at the same time we get at the 2nd point of return (check previous analysis) and get in a stable growth.
NOTE: Other fact I can support on is the RSI, it shows a possibility for an upward movement in July, Check the RSI and it's previous behavior, right now it is testing resistance, if it breaks it we shall see further movements on the price of course.
Good Luck!.
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ESPAÑOL
¿Qué dice sobre este escenario? Los vendedores se están cansando si se puede decir, tenemos menos volatilidad día tras día desde hace algunas semanas, ¿tal vez podría indicar un fondo quizás? estamos en el punto de retorno n. ° 1 que señalé antes en otro análisis, podemos tener un Rebote en la línea de soporte de los 6k, hemos estado aquí durante 3 días seguidos, eso no sucedía desde hace meses, y la MISMA Lógica que se utilizó para los puntos de resistencia, deberíamos usarlo también para Soportes.
