Support around 71280.01 is the keyHello, traders.
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(BTCUSDT 1D chart)
The volatility period is ending.
Since the StochRSI indicator currently looks to be rising to the overbought zone, the key is whether it can be supported around 71280.01.
Therefore, if it is supported around 71.280.01 by June 13, it is likely to lead to further increase.
If it fails to rise above 71280.01, it should check whether it can be supported around 69K-70231.38.
(1W chart)
Looking at the 1W chart, if the price is maintained around 71280.01, the StochRSI indicator is expected to enter the overbought zone.
Accordingly, whether there is support around 71280.01 is an important issue.
The volatility period on the 1W chart is until the week including July 29th.
Have a good time.
Thank you.
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- Big picture
A full-scale uptrend is expected to start after rising above 29K.
The area 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 (overshooting)
4th: 13401.28
151166.97-157451.83 (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.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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