BTCUSDT - Evolution in the accumulation stage
Consistent with our weekly chart from two weeks ago, it can be seen that we hit the lateralization ranges after the 50% drop. By zooming in on the daily chart, we can see some trends that allow us to pull some lines.
Red: Support to keep the bear season towards 20k.
Orange: Support at 30k to maintain lateralization for a few weeks or months (until September-October).
Green: If it remains as support, it will retest to resistance points, resuming the bullish channel (even momentarily).
The MACD shows us a break in the bearish channel, pushing this index to 0 again.
It is not investment advice.
Red: Support to keep the bear season towards 20k.
Orange: Support at 30k to maintain lateralization for a few weeks or months (until September-October).
Green: If it remains as support, it will retest to resistance points, resuming the bullish channel (even momentarily).
The MACD shows us a break in the bearish channel, pushing this index to 0 again.
It is not investment advice.
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