The price has reached a support area at the bottom of the long-term logarithmic channel. If this area will not hold the price I see a possible spike to 5330 level which is 1.618 retracement of March 13 bottom - March 25 top. The price did the same retracement in October 2023. Pay attention that we have 1d positive divergence forming on RSI. We are bottoming, a crash is unlikely right now. The reversal will most likely happen this week.
交易進行
Well, I was wrong, we actually crashed. And returned to the exact same spot. The price is testing the bottom of the channel now. Usually the price is being rejected on retest, but this is logarithmic chanel, so I think it will return into it after a pullback. Otherwise it's not gonna end well.
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