Reached the next specified zone We are now between two very important levels:
- Level which "should be kept" 39-41k $. Merger of trend D1, maximum range of summer 2021, local minimum of September 2021, H4 200 EMA ,. Obviously, if / when retesting this level, the bulls must protect it to see continued growth and an uptrend D1. - The "must break" level of $45,500-46,500. This was an area of consolidation on the way down and here is the annual opening.
Note: D1 stochrsi is still clearly overbought. It would be ideal to retest 39/41K, reset overbought. However, it is also important to keep in mind the rise of BTC in September/October 2021. OH got to 60k without any D1 correction. Keep that in mind in case we see something similar.
I will not complicate what was written a few days ago
The levels indicated on the chart for the last few days: - Local support (LTF) = 43k and H4 trend, - Resistance = $45,500-46,500, - Main support (HTF) = 39/41k$
- 39/41k$ if we break through the local support of 43k$. - 48/50k if resistance breaks.
I wonder if we'll see alto moves like last weekend? 🧐