Welcome to this updated analysis on BTCUSD Let’s get right to it!
If you retrace the Pink line which was the maximum of the technical rebound, the support trend may become longer.
* As recent trends are slowing down without trading volume down and bottom/peak renewal,
there is a possibility of being dragged sideways rather than proceeding further downward. rise occurred in the triangle section shown. By rising channel and reverse trend line view. adjusting, you can refer to the bottom of the channel, or to the top of the reverse trend line for further rise. The way to cope with complex phase branching is also horizontal support resistance.
– The trend for the last three days is a box based on short-term main support resistance.
– The progression and decline of the rising wedge and the further rise due to the breakthrough of the reverse trend line will all be covered by this box.
This information is to be used for educational purposes only
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