In today's bitcoin update, I'll cover the current momentum and bias in the market. Currently, the price is entering another consolidation phase especially in a lower degree. In the last 2 days, there is only 2% volatility we see if we calculate it from the swing high to swing low. It shows us a lot of doubt in this market and uncertainty.
From the technical side, I see a potential of hidden bearish divergence as the price is approaching the strong resistance zone which is the golden pocket zone. A consecutive lower high on the price action but a higher high structure in the RSI obviously is not a good thing, the bears are now gaining any strength for pushing down the price. However, we haven't seen any confirmation of downside yet. With the new support trend line that I draw (yellow), it will be the factor of validation of the future movement in the market. If the price breaks below this support trend line, we may see the validation of this hidden bullish divergence and price will entering the below $10000 region in the future. But if there is a bounce when the price touches this yellow region, I see 2 potential targets in the future which are the $12500 and the potential $14000.
I've to anticipate the liquidation zone too for potential action to trap the early buyers. I see the blue region as the support zone and potential shadow to the $10400 region before the price may surge to the upside (if there is a bounce in the near future).
From the technical side, I see a potential of hidden bearish divergence as the price is approaching the strong resistance zone which is the golden pocket zone. A consecutive lower high on the price action but a higher high structure in the RSI obviously is not a good thing, the bears are now gaining any strength for pushing down the price. However, we haven't seen any confirmation of downside yet. With the new support trend line that I draw (yellow), it will be the factor of validation of the future movement in the market. If the price breaks below this support trend line, we may see the validation of this hidden bullish divergence and price will entering the below $10000 region in the future. But if there is a bounce when the price touches this yellow region, I see 2 potential targets in the future which are the $12500 and the potential $14000.
I've to anticipate the liquidation zone too for potential action to trap the early buyers. I see the blue region as the support zone and potential shadow to the $10400 region before the price may surge to the upside (if there is a bounce in the near future).
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。