BTC false breakout
After breaking through the ascending trend line, BTC fell back below the trend line due to resistance at 22659.921. And because of the announcement of CPI caused a larger decline (-9.94%).
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The downtrend line resistance (blue line) formed by 22800.00 and the previous high at 25214.57 can be watched.
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The price rebounded slightly after falling back to around 20,000. There is also 18527.00 support below, and two trend reversal patterns (arrows) have formed in this price range.
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If the price falls below 18527.00, we can pay attention to whether it forms an effective support near 17580.00.
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If BTC falls below the main support level of 17580.00, pay attention to the support below:
15927.35~16707.98
14394.08
11839.43
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The downtrend line resistance (blue line) formed by 22800.00 and the previous high at 25214.57 can be watched.
-
The price rebounded slightly after falling back to around 20,000. There is also 18527.00 support below, and two trend reversal patterns (arrows) have formed in this price range.
-
If the price falls below 18527.00, we can pay attention to whether it forms an effective support near 17580.00.
-
If BTC falls below the main support level of 17580.00, pay attention to the support below:
15927.35~16707.98
14394.08
11839.43
-
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