Support and Resistance Zone: 68393.48-69031.99
2024-10-25


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(BTCUSDT 1D chart)

The key is whether it can find support near 68393.48-69031.99 and rise above 71280.01.

If not, and it falls, you should check whether it finds support near 65920.71-67414.39.

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You should check if the StochRSI indicator is rising in the oversold zone and if the StochRSI EMA falls below 50 and changes to the state of StochRSI > StochRSI EMA.

This is because you should check at what point support and resistance are received when the state of StochRSI > StochRSI EMA changes.

That is, if it shows support around 68393.48-69031.99, it is because it is a time when additional purchases can be made.

If it shows resistance around 68393.48-69031.99, there is a possibility of another decline.

This is because if you refer to the previous movement of the StochRSI indicator, it can lead to a movement similar to a double decline.

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Since it touched the BW (100) section (68393.48-69031.99), it is better to approach it from the perspective that it will basically fall.

However, if it shows a price maintenance in this BW (100) section and the StochRSI indicator shows an upward movement in the oversold section, the possibility of additional increase increases.

Therefore, you should check whether additional purchases can be made by checking whether there is support near 69031.99.

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Volatility may occur depending on the location of the StochRSI indicator.
- When the StochRSI indicator falls in the overbought section
- When the StochRSI indicator is near the 50 point
- When the StochRSI indicator rises in the oversold section
Volatility may occur in the three areas above.

Due to this volatility, you can know how the movement will proceed in the future by checking whether there is support at the support and resistance points drawn on the chart.

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I think the coin market is likely to continue its upward trend unless USDT gaps down.

The gap down of USDC is likely to eventually cause the coin market to fall in the short term.

Therefore, I think it is better to trade from a short-term perspective until USDC stops its downward trend.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale upward trend will begin when it rises above 29K.

The expected range 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: 134018.28
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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