Support range: 61099.25-61759.99
2024-10-05


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As the volatility period began, the movement in the opposite direction as expected occurred.

Even if it rises, it was expected to be around 61759.99, but it has risen more.

Accordingly, the key is whether it can receive support around 61099.25-61759.99.

This volatility period is expected to be around October 5-10 (up to October 4-11).

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Since it has risen above 61759.99, you need to check if the StochRSI indicator rises in the oversold zone or switches to a state where StochRSI > StochRSI EMA.

If not, if you buy first, you are likely to feel psychologically uneasy.

Therefore, if it continues to rise, it is recommended to check if it is supported near 62856.30.

If you want to buy when the BW indicator or StochRSI indicator does not meet the purchase timing conditions, it is recommended to approach it with scalping or day trading.

Important support and resistance zones are marked with circles, so you should respond depending on how these zones are broken.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will start after rising above 29K.

The section 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: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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