Recently, there was negative news in the market and severe development was expected, but it seems that it has been blown away by today's price movement, and Altcoin is also rising across the board.
Regarding BTC , the first barrier will be the breakthrough of the of decline, and then the second barrier will be the breakthrough of the $ 11,200 line. We would like to keep an eye on future developments, but there are two future scenarios.
The first is a scenario where the price breaks above the $ 11,200 line.
In this case, the next consciousness line is around $ 11,500, which is likely to go all at once. I would like to set $ 11,200 as a loss cut line and make a long entry at the timing when it stops or returns.
The second is a pattern that is resistance at the $ 11,200 line and goes to form a large . In this case, after setting the pink uptrend line as the loss cut point, attract as much as possible to this and make a long entry.
By doing this, it is possible to enter with less risk.
It is clear from the board that the latest attention is, after all, $ 11,200.
Keep eyes on this week's price movements.
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