BTC went back on $23643.81 and bounced back. We mentioned in the notice yesterday that if the support stands the tests, the price could bounce back from that trend support.
(Monitor today if the trend support holds the price still. Holding above it will see a pull-up; or broken and remain under it for 4-12 hours will see a push-down.
Resistance for consolidation is at $24292.36. Breaking it up and staying above the line for 4 hours will end short-term consolidation.
Short-term key resistance is at $25379.37, breaking it up and remaining there for 24 hours will open up more space above.
Short-term key support: $22687.51; $21871.76; mid-term resistance: $27867.81
Tips: all the target points are not once and for all. They function best when the price touches them for the first time and then weaken with more trades around it until they are broken. Sometimes diversion occurs and target points are time-effective. The up-to-date target points are most effective.
More info in the chart.
(Monitor today if the trend support holds the price still. Holding above it will see a pull-up; or broken and remain under it for 4-12 hours will see a push-down.
Resistance for consolidation is at $24292.36. Breaking it up and staying above the line for 4 hours will end short-term consolidation.
Short-term key resistance is at $25379.37, breaking it up and remaining there for 24 hours will open up more space above.
Short-term key support: $22687.51; $21871.76; mid-term resistance: $27867.81
Tips: all the target points are not once and for all. They function best when the price touches them for the first time and then weaken with more trades around it until they are broken. Sometimes diversion occurs and target points are time-effective. The up-to-date target points are most effective.
More info in the chart.