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Yesterday's decrease caused the price to fall back within the $7150 - $6650 trading range. While it initially found some support above the midpoint of the range, it fell below afterwards. The bearishness is strengthened by the possible bearish cross between the 50- and 200-period moving averages (MA), otherwise known as a death cross.
An almost identical movement occurred on April 11. The price had increased above the resistance of the range, only to fall back inside it shortly afterwards. After the death cross occurred, the price moved upwards all the way to the resistance line, only to drop sharply afterward.
If the same movement transpired this time around, the BTC price would increase and touch the resistance line only to fall towards support afterward.
Yesterday's decrease caused the price to fall back within the $7150 - $6650 trading range. While it initially found some support above the midpoint of the range, it fell below afterwards. The bearishness is strengthened by the possible bearish cross between the 50- and 200-period moving averages (MA), otherwise known as a death cross.
An almost identical movement occurred on April 11. The price had increased above the resistance of the range, only to fall back inside it shortly afterwards. After the death cross occurred, the price moved upwards all the way to the resistance line, only to drop sharply afterward.
If the same movement transpired this time around, the BTC price would increase and touch the resistance line only to fall towards support afterward.
註釋
The fractal going as planned. Let's see if we get a touch of the resistance line.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。