22.03.10 / Let's take a look at the important support areas

10 de mar. de 2022

#crack #bitcoin #binance #4 hour

- A strong rebound emerged while raising the low, breaking through the center line of the orange medium-term uptrend channel.

- Currently, BTC is resisting from the lower part of VP in February, showing the possibility of short-term pressurization.

- If the pressurization appears, the support of the $41,386-$40,774 section, where the orange mid-term uptrend channel center line is located, seems to be important.

- A break of the $43,600-$44,000 resistance seems important if the support of the $40,774-$41,386 section is successful and further uptrend proceeds.

- If BTC succeeds in breaking the $43,600-$44,000 resistance, we can expect an uptrend to the maximum of $46,700-$47,226.

- If BTC breaks through the $467,00-$47,226 resistance, we can expect a mid- to long-term uptrend by breaking the long-term downtrend channel upwards.

- If the $40,774-$41,386 support fails, a downtrend is expected to lower the $37,155 low.

- If the downtrend continues without a sharp fall, it is necessary to keep in mind the possibility of a downtrend to the $34,936-$35,312 section, where the lower orange medium-term bullish channel and the gray major bearish channel center line overlap.

- If the $34,936-$35,312 support fails, it is highly likely that the $34,322.28 / $32,917.17 lows will be renewed, and the possibility of a mid- to long-term downtrend should be taken into account due to the downward breakout of the medium-term bullish channel and the breakout of the center line of the long-term bearish channel.