Important section: 1071.36-1130.53Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(1M chart)
The key is whether the price can be maintained by rising above the Fibonacci ratio 3.618 (1135.97), which is the peak of the major uptrend.
If not, it is expected to form a downtrend and form a new trend.
(1W chart)
The Fibonacci ratio on the right is shown in the major uptrend.
The Fibonacci ratio on the left is shown in the recent uptrend on the 1W chart.
Accordingly, if the price is maintained above the right Fibonacci ratio 3.618 (1135.97), it is expected to rise to the left Fibonacci ratio 1 (1339.36).
The important section on the 1W chart is around 848.46.
Accordingly, if it fails to rise above 1130.53, it should check for support near 848.46.
The rising channel indicated by the circle is a trend line connected between lows.
Therefore, if it cannot rise within the current rising channel, the key is whether it rises along the rising channel between lows indicated by the circle.
(1D chart)
The HA-High indicator on the 1D chart is showing signs of being created at the 1071.36 point.
Accordingly, the important section on the 1D chart is around 1071.36.
Therefore, the section 1071.36-1130.53 is the important section.
This volatility period is around June 4th (June 3rd-5th).
Therefore, it is necessary to check in which direction it deviates from the section 1071.36-1130.53 after the volatility period.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start after it rises above 29K.
The section expected to touch 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
-----------------