Support zone: Around 189.84Hello, traders.
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(1M chart)
You need to check if it is rising along the rising channel.
The important zone on the 1M chart is around 175.45.
(1W chart)
The important zone on the 1W chart is around 189.42.
Therefore, the support zone is the 175.45-189.42 zone.
You need to check if it is forming a trend while passing through the week including July 22nd and the week including August 19th.
If it falls below 157.65, we need to check for support near 136.72.
(1D chart)
The important sections on the 1D chart are around 189.84 and 172.16.
Therefore, the key is whether it can find support near 189.84 and rise above the Fibonacci ratio of 0.5 (197.89).
If it falls near 189.84 and shows resistance,
1st: 181.99
2nd: 172.16-175.45
We need to check for support near the 1st and 2nd above.
Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since it is thought that a new trend can be created in the overshooting section, it is necessary to check the movement when this section is touched.
#BTCUSD 1M
If the major upward trend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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