Whether to challenge the ATH is the point of interest
2024-10-29


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(BTCUSDT 1D chart)

It is showing an upward breakout of the 1st section.

Accordingly, the key is whether the price can be maintained above the 68393.48-69031.99 section and rise to around 71280.01.

If it shows a sharp rise, it is expected to touch around 73000.0.

If it rises above 70148.34, the StochRSI indicator is expected to rise to around 50, so you should be careful about volatility.

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(BTCUSDT.P 1h chart)

When viewed with the Linear Regression Channel indicator that automatically draws parallel channels, it shows an upward breakout of the upper part of the channel.

Accordingly, when entering the channel, we need to check at what point support and resistance will be shown.

Currently, it is expected to check whether support is found by touching the 69020.1-69332.4 section or the 70168.8-70320.3 section.

The 5EMA of the 1D chart is rising to around 68447.9.

The next volatility is likely to occur when touching the 5EMA of the 1D chart.

If it touches the 70168.8-70320.3 section and falls, the 68447.9 point is expected to be the liquidation point.

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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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